First 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
Read moreFirst Property taps into housing market with investment tie-up
24th Oct 2013 13:12
Commercial property fund manager First Property Group (Fprop) is hoping to tap into the Government's support for the housing market and the impact this is having on the residential development market through a new partnership with clients of an unnamed global investment business. The closed-ended t
Read moreFirst Property Group reveals 13 per cent drop in profits
5th Dec 2012 14:45
Commercial property fund management company First Property Group has revealed a 13 per cent decline in pre-tax profit for the six months ended September 30th. Profit before tax (from continuing operations) totalled £2.21m, down from £2.54m the same period the previous year, while assets under mana
Read moreFirst Property sells office building in Warsaw
21st Sep 2012 07:40
First Property, the commercial property fund management group, has pocketed a tidy profit on the sale of one of its two directly owned properties, an office building in Mokotow, Warsaw. The company, which bought the building in November 2007, has raised PLN 11.95m - about £2.3m - from the sale whic
Read moreAuM down at First Property Group despite good trading
14th Sep 2012 07:52
First Property Group, a commercial property fund management group, will say at Friday's annual general meeting that trading has continued well and in line with the firm's expectations, despite the difficult economic conditions. It's clients have also performed well, but the weakening euro has resu
Read moreFirst Property results show polish
29th Nov 2011 13:30
Interim profits shot higher at commercial property fund management group First Property as it reaped the benefit of being heavily invested in its own funds. The Poland and UK-focused firm saw a 79% rise in pre-tax profit to £2.54m for the six months ended 30 September from £1.42m at the interim sta
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