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Opinions
21 Dec 2018

Fprop CEE Snapshot – Q4 2018

Fprop opinion on Polish & Romanian property markets.

Opinions
05 Dec 2018

What’s Up Magazine: Eximius Extraordinary

Rafał Romanowski interviews Ben Habib about the promising future of Eximius Park, Krakow.

Opinions
04 Dec 2018

Letter to FT from Ben Habib

“EU would exact a price for renewed membership”

News and Press Releases
26 Nov 2018

Investors Chronicle: First Property posts eye-watering valuation gains

Simon Thompson says “…Trading on a 15 per cent discount to book value, offering a prospective dividend yield of 3.2 per cent and priced on 11 times likely EPS for the full year, this is a repeat buying opportunity worth exploiting. Buy.”

Audio
22 Nov 2018

Interim Results for the six months to 30 September 2018 (38mins, 47s)

Listen to audio

News and Press Releases
13 Nov 2018

PROPERTYNEWS.PL: Is Eximius Park a business card for offices in Krakow? First Property Group says it is more than that!

An interview with Katarzyna Peto, Operations Director for Eximius Park, and Jeremi Slominski, Investment Director, First Property Poland Sp. z o.o.

Opinions
25 Sep 2018

Fprop CEE Snapshot – Q3 2018

Fprop opinion on Polish & Romanian property markets.

Opinions
13 Sep 2018

The Property Chronicle: Investing in Polish Commercial Property 3

In his third article on the subject, Ben Habib cites a valuable lesson learnt from First Property Group’s first investment in Poland.

News and Press Releases
18 Jul 2018

Romania Insider: Attention of real estate investors in Romania starts turning to regional cities

Colliers cites Fprop’s recent acquisition of the Maestro Business Center in Cluj-Napoca “as proof that Romania is starting to follow the Polish model of development through regional cities.” It goes on to say “While the main regional cities in Romania, Cluj-Napoca, Iasi, Timisoara and Brasov, together have about as many employees as the capital Bucharest, the modern office space in these cities is four times lower than in Bucharest. According to the World Bank, over 730,000 people could come to live in these cities in the next 5 years, almost three times more than in Bucharest.”

Opinions
12 Jul 2018

Letter to FT from Ben Habib

“There is clearly no option other than a hard Brexit”

Opinions
28 Jun 2018

The Property Chronicle: Investing in Polish Commercial Property 2

In his second article on the subject, Ben Habib explains that Poland has a robust growing economy, and a commercial property market which offers a very significant yield gap.

News and Press Releases
28 Jun 2018

Shares Magazine: First Property’s big Polish investment

David Stevenson discusses First Property’s latest investment and its strategy of investing in property where there is a healthy gap between “the interest rate it can borrow money at and the yield it can earn on renting out properties.”

Videos
25 Jun 2018

IGTV: First Property Group looking to add more value ‘very quickly’

“Having recently undertaken a new investment in Krakow, First Property Group has expanded in a country that CEO, Ben Habib, is very happy to be a part of. Habib is positive that, having seen net asset values (NAV) rise 26% per annum every year since 2007, ‘despite’ the financial crisis there is still room for more upside, especially with the recent deal in Poland.”

News and Press Releases
14 Jun 2018

IPE Real Assets: UK university colleges back First Property’s Polish business park

News and Press Releases
12 Jun 2018

Simply Wall Street: Best Rated AIM dividend stocks

“FPO has a decent dividend yield of 3.14% and the company currently pays out 27.48% of its profits as dividends, with the expected payout in three years being 35.15%. FPO has increased its dividend from UK£0.008 to UK£0.016 over the past 10 years. They have been dependable too, not missing a single payment in this time. First Property Group is also reasonably priced, with a PE ratio of 8.8 that compares favorably with the GB Real Estate average of 8.8.

Audio
08 Jun 2018

Preliminary Results for year to 31 March 2018 (23mins)

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News and Press Releases
07 May 2018

Sunday Telegraph: Diary of a private investor: value is hard to find, but these three shares should buck the trend

James Bartholomew tips FPO saying he has “followed this company for quite a while” and “The persistent record of achievement has not been properly recognised by the share price, which, at 53.5p, stands at only 8.8 times prospective earnings per share.”

Opinions
04 May 2018

The Property Chronicle: Investing in Polish Commercial Property

Ben Habib explains what first attracted First Property Group to investing in Poland in 2005, and how it has since fared.

News and Press Releases
27 Apr 2018

Investors Chronicle: First Property’s third party mandates surge

Simon Thompson says “…The shares are also attractively priced on 8 times likely EPS of 5.9p for the year just ended, almost all of which is recurring, and are supported by a 3.3 per cent prospective dividend yield…I see decent investment upside to my 65p target price. Buy.”

Opinions
19 Apr 2018

Fprop CEE Snapshot – Q2 2018

Fprop opinion on Polish & Romanian property markets.

News and Press Releases
16 Apr 2018

The Motley Fool: Impressive Performance

“…its P/E ratio of 9 suggests that it could offer upward re-rating potential. And with a dividend yield of 3.5%, which is covered 3.6 times by profit, its total returns could continue to be high over the coming years.”

News and Press Releases
11 Apr 2018

Costar: South East office deals hit record £1bn in Q1

“…notable completions in January included First Property’s acquisition of Imperial Place, Borehamwood (£62.5m)…”

Opinions
06 Mar 2018

City AM: Brexit is the property sector’s chance to spur real investment

Fprop CEO Ben Habib offers five suggestions to ensure the UK remains Europe’s primary destination for property investment.

News and Press Releases
01 Mar 2018

Eurobuild CEE: Long range opportunists

Fprop CEO Ben Habib responds to interviewer questions about Fprop investments and plans in Poland.

News and Press Releases
26 Feb 2018

Investors Chronicle: Repeat buying opportunities

Simon Thompson says…”the fast-growing fund management business is effectively in the price for free, with First Property’s shares trading on an unwarranted 12 per cent discount to net asset value (NAV) of 51.25p a share. That’s even more anomalous once you consider the impressive track record…”

Opinions
23 Feb 2018

The Property Chronicle: The listed markets for small companies

Why being on AIM is tougher than it should be.

News and Press Releases
15 Feb 2018

Property Magazine International: Poland – over 1 million m² of office space under construction in regional cities

A good summary on the supply demand dynamics of the office market outside of Warsaw. The article concludes “The most spectacular office deals in 2017 outside of Warsaw included…. the acquisition of Pilot Tower in Cracow by First Property Group.”

News and Press Releases
12 Feb 2018

Business Insider: How one fund manager is banking yields of 10% on Brexit property bargains

“…First Property chief executive Ben Habib says he can find yields of up to 10% on commercial property investments outside of London. Big institutional investors are afraid to invest because of “Brexit nervousness,” Habib says.”

News and Press Releases
18 Jan 2018

IP Real Estate: First Property fund buys Imperial Place from Cromwell

…First Property said: “Borehamwood is a well-located office campus set to benefit from continuing strong occupier demand. We believe that current rents are attractively priced compared to surrounding offices in areas like Watford, St Albans and other locations close to the M25.”

First Property Group
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