Simon Thompson comments on Fprop’s leasing progress at its office block in Gdynia, Poland, on its acquisition of a further 32% of Blue Tower in Warsaw and on its disposal of a warehouse in Romania. He concludes by saying “investors have yet to cotton onto the upside from First Property’s dealmaking as the £33.3mn market capitalisation company is priced 37 per cent below its last reported net asset value (NAV) of £53.4mn (47.3p a share).”
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