First Property Group PLC First Property wins two awards from MSCI
April 12 2017 - 2:00AM
RNS Non-Regulatory
TIDMFPO
First Property Group PLC
12 April 2017
Date: 12 April 2017
On behalf First Property Group plc ("First
of: Property", "the Company" or the "Group")
Embargoed: 0700hrs
First Property Group plc
First Property wins two prestigious awards from MSCI
First Property Group plc (AIM: FPO), the property fund manager
and investor, is pleased to announce that its fund, UK Pension
Property Portfolio LP (UK PPP LP), has been awarded best "Small
Specialist Fund" by MSCI as part of its annual UK Property
Investment Awards 2017. The measurement period for the award was
over the three years to 31 December 2016, during which the
annualised total return earned by the fund, which is unleveraged,
was 8.9%.
In addition, First Property Asset Management Ltd was one of ten
fund managers, out of a pool of 95 such managers, to be awarded a
Data Quality Award. This award recognises data-management
efficiency, governance and transparency.
MSCI Inc, is a leading provider of research-based indexes and
analytics. The awards, established in association with the
Investment Property Forum (IPF), are determined strictly in
accordance with MSCI's globally defined data standards and
performance measurement procedures, and are based upon
independently verified direct real estate investment
performance.
Commenting on the awards, Ben Habib, Group Chief Executive,
said:
"I am delighted to receive this recognition from such a
respected organisation as MSCI. It is testament to our disciplined
investment process and the timely and efficient manner in which we
manage properties and report on them."
-Ends-
For further information please contact:
First Property Group plc Tel: +44 (20)
7340 0270
Ben Habib (Chief Executive www.fprop.com
Officer) investor.relations@fprop.com
George Digby (Group Finance
Director)
Jeremy Barkes (Director,
Business Development)
Arden Partners (NOMAD & Broker) Tel: + 44 (20)
7614 5900
Chris Hardie (Director, Corporate
Finance)
Ben Cryer (Corporate Finance)
Redleaf Communications (PR) Tel:+ 44 (20)
7382 4734
Rebecca Sanders-Hewett / firstproperty@redleafpr.com
Henry Columbine /
Susie Hudson
Notes to Investors and Editors:
First Property Group plc is an award winning property fund
manager and investor with operations in the United Kingdom and
Central Europe. Around one third of the shares in the Company are
owned by management and their families.
Its focus is on higher yielding commercial property with
sustainable cash flows. The company is flexible and takes an active
approach to asset management. Its earnings are derived from:
-- Fund management - via its FCA regulated and AIFMD approved
subsidiary, First Property Asset Management Ltd (FPAM), which earns
fees from investing for third parties in property. FPAM currently
manages ten funds which are invested across the United Kingdom,
Poland and Romania. FPAM funds rank No.1 versus MSCI's IPD Central
& Eastern Europe (CEE) universe for the ten years from the
commencement of its operations in Poland in 2005 to 31 December
2015, and for the annualised periods from 2005 to the end of each
of the years between 31 December 2008 and 31 December 2015.
-- Group Properties - principal investments by the Group, to
earn a return on its own capital, usually in partnership with third
parties. Investments include ten directly held properties in Poland
and Romania (including five held by Fprop Opportunities plc [FOP],
in which the Group is currently the majority shareholder), and
interests in six other funds managed by FPAM.
Listed on AIM the Company has offices in London and Warsaw.
Further information about the Company and its products can be found
at: www.fprop.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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