Wholly owned properties and consolidated undertakings
UK  Poland  Romania  Total % of Total
As at 30 Sept 2023
Offices £109.3m £41.5m £8.6m £159.4m 52.3%
Retail warehousing £56.9m £56.9m 18.7%
Shopping centres £49.7m £49.7m 16.3%
TOTAL £192.8m £103.2m £8.6m £304.6m 100%
% of Total 63.3% 33.9% 2.8% 100.0

 


Non-controlling interests in funds managed by FPAM % owned by
Group
Book value
of Group’s
share in fund
Market value
of holdings
Group’s share
of post-tax
profits earned
by fund to
30 Sept 2023
As at 30 Sept 2023
Associates
5PT 47.2% * * *
FOP 45.7% £12,305,000 £12,305,000 £442,000
Fprop Galeria Corso Ltd (FGC) 29.1% £2,918,000 £3,136,000 £92,000
Fprop Krakow Ltd (FKR) 18.1% £1,181,000 £1,253,000 £27,000
Fprop Phoenix Ltd (FPL) 23.4% £1,730,000 (£60,000)
Fprop Cluj Ltd (FCL) 21.2% £652,000 £901,000 £16,000
Sub Total £17,056,000 £19,325,000 (£517,000)
 Investments
 UK Pension Property Portfolio LP (UK PPP)          0.9%  £196,000  £196,000  £14,000
Fprop Fulcrum Property LP (FUL)          2.5%  £174,000  £174,000
 Fprop UK Special Opportunities LP (SPEC OPPS)  11.1%  £2,142,000  £2,142,000  £82,000
 Fprop Offices LP  1.6%  £461,000  £461,000  £18,000
Sub Total  £2,973,000 £2,973000   £114,000
TOTAL £20,029,000 £22,298,000 £631,000
It is the accounting policy of the Group to carry its direct properties and interests in associates at the lower of cost or market value.

International Financial Reporting Standards (IFRS) requires the FX component to be marked to market resulting in variations in valuations between reporting periods.