First Property Group PLC Fprop appoints Senior Adviser in Poland
June 08 2017 - 2:01AM
RNS Non-Regulatory
TIDMFPO
First Property Group PLC
08 June 2017
Date: 8 June 2017
On behalf First Property Group plc ("First
of: Property", "the Company" or the "Group")
Embargoed: 0700hrs
First Property Group plc
Fprop appoints Senior Adviser in Poland
First Property Group plc (AIM: FPO), the property fund manager
and investor, is pleased to announce the appointment of Del
Chandler as Senior Adviser to its Polish and Romanian
operations.
Del has extensive experience of property deal making and
financing in Central Europe, with a career in the region spanning
over 25 years. During this time he has advised on over EUR1 billion
of property transactions. Most recently he was Managing Director of
the Central European real estate financing business of ING and then
Managing Director of Capital Markets CEE at BNP Paribas in
Warsaw.
Del's primary role will be to assist the Group to continue
growing its Polish and Romanian commercial property business, which
currently comprises 28 properties with a value of some EUR275
million. He will be well supported by the Group's existing
30-strong team in Warsaw. In addition, Del will lead the Group's
efforts to establish itself as a manager of Polish Investment Funds
(TFI) and Polish REIT's.
Commenting on the appointment, Ben Habib, Chief Executive,
said:
"We have known Del Chandler for over ten years now, and have
seen first-hand the importance of his skill and knowledge base in
securing the best possible deals. I am delighted that we have
obtained the services of someone of his experience and calibre and
I am certain that our association will greatly assist the
development of our business in Central Europe."
-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 PR Tel:+ 44 (20)
7382 4734
Rebecca Sanders-Hewett / firstproperty@redleafpr.com
Robin Tozer /
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 eleven funds which are invested across the United Kingdom,
Poland and Romania.
-- 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 eight 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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