Fprop Appoints Senior Adviser in Poland
June 08 2017 - 3:48AM
Business Wire
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 €1 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 €275
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.”
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170608005494/en/
First Property Group plcBen Habib (Chief Executive
Officer)George Digby (Group Finance Director)Jeremy Barkes
(Director, Business Development)Tel: +44 (20) 7340
0270www.fprop.cominvestor.relations@fprop.comorArden Partners
(NOMAD & Broker)Chris Hardie (Director, Corporate Finance)Ben
Cryer (Corporate Finance)Tel: + 44 (20) 7614 5900orRedleaf
PRRebecca Sanders-HewettRobin TozerSusie HudsonTel:+ 44 (20) 7382
4734firstproperty@redleafpr.com
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