First Property enters new lease agreement with Teconnex
29th Apr 2020 16:37
(Sharecast News) - First Property Group has entered into a new lease with Teconnex over 6,300 square metres in the warehouse it owns in Tureni, Romania, it announced on Wednesday.
Read moreFirst Property shares surge on 'transformational' sale
27th Apr 2020 10:52
(Sharecast News) - Shares in First Property Group were well into the green on Monday morning, as it updated the market on the completion of the sale of its largest property, Chałubińskiego 8 (CH8) in Warsaw, Poland.
Read moreFirst Property's profits dip after major client loss
6th Jun 2019 12:55
(Sharecast News) - First Property Group on Thursday reported a double-digit reduction in both annual profits and revenue after the departure of a major client.
Read moreFirst Property climbs as profits set to 'significantly exceed' expectations
1st May 2019 11:41
(Sharecast News) - First Property Group's shares climbed on Wednesday after stating that its annual profit before tax is "likely to significantly exceed" market expectations of £6.8m.
Read moreFirst Property Group's results dip as Warsaw lease expires
22nd Nov 2018 11:38
(Sharecast News) - First Property Group's interim revenue and profit both dropped after the expiration of a lease on a major property in Warsaw, Poland, according to unaudited results released on Thursday.
Read moreFirst Property Group to buy Poland office building for €23m
13th Feb 2017 07:57
(ShareCast News) - AIM-listed investor First Property Group has, along with a club of investors, agreed to buy Pilot Tower, a recently built office building in Krakow, Poland, for about €23m. Completion of the deal, which is subject to receiving a ruling on the tax treatment of the transaction, is e
Read moreFirst Property Group creates new fund with Oxbridge colleges
16th Jan 2017 12:34
(ShareCast News) - Fund manager First Property Group has created a new £15.2m fund, Fprop UK Special Opportunities, with the universities of Oxford and Cambridge to invest in commercial property. Christ Church and St Catherine's College from Oxford, along with Robinson College from Cambridge, have c
Read moreLack of land availability drags on smaller housebuilders
20th Sep 2016 09:09
(ShareCast News) - The biggest barrier for two-thirds of small and medium sized building firms was the lack of available land, according to a new industry survey, which has resulted in a skewing of the market towards larger operators in recent decades. For the second year in a row, small and medium-
Read moreDirector dealing: Shire board shell out
15th Feb 2016 15:13
(ShareCast News) - With Shire shares almost £20 short of last year's all-time high, the drug developer's chairwoman, chief executive and a clutch of senior directors have splashed some cash to show what they think of the valuation. Seven board members put their money where their mouths were, having
Read moreFirst Property trading in line but funds under management slide
23rd Sep 2015 10:04
(ShareCast News) - First Property Group said it continues to trade well and in line with expectations, although funds under management slid. The property fund manager and investor said aggregate FUM stood at £271m on 31 August compared with £327m at its financial year end on 31 March. It attributed
Read moreFirst Property Group sells remaining investment in Fprop
10th Aug 2015 11:23
(ShareCast News) - First Property Group sold its last remaining investment in Fprop, an office park in Uxbridge. The sale will result in a £1m contribution in profits to the company's full-year results, and follows the fulfilment of certain conditions discussed at the time of an exchange of contract
Read moreFirst Property Group reveals booming profits and dividends as growth continues
11th Jun 2015 09:35
First Property Group unveiled strong profit in its full-year results, underscored by surging earnings and continued asset expansion in Poland and Romania. The property fund manager, which operates in the UK as well as in central Europe, reported a 22.4% jump in pre-tax profit to £8.08m in the 12 mon
Read moreFirst Property says full-year results are in line with market forecasts
7th Apr 2015 10:57
First Property Group said on Tuesday it expects full-year profits to be in line with expectations thanks to new investments. The property fund manager revealed it holds £12m in cash, with £3m being held by Fprop Opportunities, a Polish fund where First Property holds a majority stake. Chief executi
Read moreFirst Property first-half profits soar
26th Nov 2014 11:46
The sale of six properties and gains from asset appreciation strongly boosted First Property Group's pre-tax profit in the first half of 2014, although the AIM-listed company said opportunities in the UK were becoming less plentiful. The firm said that its pre-tax profit for the six months to the en
Read moreINTERVIEW: First Property warns on UK house prices as FY profits rise
3rd Jun 2014 10:43
The Chief Executive of First Property warned that Britain's house price boom could end in tears as the real estate fund manager hailed a market upturn in the UK and Poland. Ben Habib, pictured, said the UK government's policy of boosting the housing market with incentives such as Help to Buy would
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