First Property Group PLC Fprop retains No.1 ranking vs MSCI CEE Benchmark
May 04 2017 - 2:01AM
RNS Non-Regulatory
TIDMFPO
First Property Group PLC
04 May 2017
Date: 4 May 2017
On behalf First Property Group plc ("First
of: Property", "the Company" or the "Group")
Embargoed: 0700hrs
First Property Group plc
Fprop retains its No.1 ranking versus MSCI CEE Benchmark
First Property Group plc (AIM: FPO), the property fund manager
and investor, is pleased to announce that it has retained its
position as the best performing fund manager versus MSCI's Central
and Eastern European (CEE) Benchmark, now for the eleven years to
31 December 2016.
First Property is also the best performing fund manager over the
annualised periods from the commencement of its operations in
Poland in 2005 to the end of each of the years from 31 December
2008.
For the year to 31 December 2016 it ranked second out of
nineteen contributors.
MSCI is a leading provider of research-based indices and
analytics. Performance is determined strictly in accordance with
MSCI's globally defined data standards and performance measurement
procedures, and is based upon independently verified direct real
estate investment performance.
Today's announcement follows the recent news that First
Property's UK Pension Property Portfolio LP was 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 time the
annualised total return earned by the fund, which is unleveraged,
was 8.9%.
Commenting on the Group's ranking in CEE, Ben Habib, Chief
Executive, said:
"I am delighted to have retained our number one spot in CEE for
the eleventh straight year. We have no intention of resting on our
laurels and will continue to focus on providing consistently high
investment returns for clients and shareholders."
-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.
-- 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
NRAUGUBUAUPMPUW
(END) Dow Jones Newswires
May 04, 2017 02:01 ET (06:01 GMT)
First Property (LSE:FPO)
Historical Stock Chart
From Mar 2024 to Apr 2024
First Property (LSE:FPO)
Historical Stock Chart
From Apr 2023 to Apr 2024