First Property Group PLC IPD Performance Ranking
May 08 2013 - 2:00AM
RNS Non-Regulatory
TIDMFPO
First Property Group PLC
08 May 2013
Date: 8 May 2013
On behalf of: First Property Group plc ("First Property" or
the "Group")
Embargoed for: 07:00
First Property Group plc
IPD Performance Ranking
First Property Group plc (AIM: FPO), the commercial property
fund management group, is pleased to announce that the investment
performance of its funds under management in Poland and in Central
Europe has again been ranked No.1 versus the Investment Property
Databank (IPD) universe for Central & Eastern Europe (CEE), now
for the seven years to 31 December 2012. The Group's performance
had previously been ranked No.1 versus the IPD CEE universe over
the three, four, five and six years to 31 December 2008, 2009, 2010
& 2011 respectively.
At 31 December 2012 IPD's CEE universe comprised a total value
of EUR14.63 billion in property assets invested across Poland,
Czech Republic, Slovakia, Hungary, and Romania.
Ben Habib, CEO of the Group and CIO of FPAM, said:
"Investment Property Databank's independent assessment that our
investment performance once again ranks No.1 versus its Central
European universe, now over the last seven years, is a tremendous
endorsement of our investment philosophy and asset management
skills. Whilst capital values have been volatile in these difficult
markets, our resolute targeting of high sustainable income streams
has meant that we have been able to deliver superior total
returns."
-Ends-
For further information please contact:
First Property Group plc Tel: +44 (20) 7340 0270
Ben Habib (Chief Executive Officer) www.fprop.com
Jeremy Barkes (Director, Business investor.relations@fprop.com
Development)
Arden Partners (NOMAD & Broker) Tel: +44 (20) 7614 5900
Chris Hardie (Director Corporate
Finance)
Redleaf Polhill (PR) Tel: +44 (20) 382 4763
George Parrett / Henry Columbine firstproperty@redleafpolhill.com
Notes to investors and editors:
First Property Group plc is a co-investing direct commercial
property fund manager with operations in the United Kingdom and
Central Europe.
The investment performance of its funds under management in
Poland and in Central Europe ranked No.1 versus the Investment
Property Databank (IPD) universe for Central & Eastern Europe
(CEE) over the seven years to 31 December 2012. It had previously
ranked No.1 versus the IPD CEE universe over the three, four, five
and six years to 31 December 2008, 2009, 2010 & 2011.
The business model of First Property Group is to:
-- Raise third party funds to invest in income producing commercial property;
-- Co-invest in these funds and thereby earn a return on its own capital invested;
-- Earn fees for the management of these funds. Fees earned are
a function of the value of assets under management as well as the
performance of the funds.
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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