IPD Performance Ranking
10 May 2011 - 4:01PM
RNS Non-Regulatory
TIDMFPO
First Property Group PLC
10 May 2011
Date 10 May 2011
On behalf First Property Group plc ("First Property" or
of the "Company")
Embargoed 0700hrs
for:
First Property Group plc
IPD Performance Ranking
First Property Group plc (AIM: FPO), the commercial property
fund management group, is pleased to report that it has been ranked
No.1 versus both the IPD Central & Eastern European (CEE)
Benchmark and the IPD Polish Benchmark, for the five year period to
31 December 2010.
IPD (Investment Property Databank) is the world leader in
performance analysis for the owners, investors, managers and
occupiers of real estate. To guarantee its independence it does not
participate in real estate investment markets, does not value real
estate portfolios and does not offer consultancy advice on
investment decisions or other real estate issues.
As at 31 December 2010 IPD's CEE Benchmark comprised a total
value of EUR11.7 billion in property, across 28 funds. Its Polish
Benchmark comprised a total value of EUR4.3 billion in property,
across 21 funds.
First Property had previously been ranked No.1 versus the same
indices for the four years to 31 December 2009 and against the IPD
CEE Benchmark for the three years to 31 December 2008. This is
therefore the third successive year in which the Company has
achieved its No. 1 ranking.
Ben Habib, Chief Executive of First Property Group plc,
said:
"We are delighted to have retained our No.1 rankings for the
five years to 31 December 2010 against the IPD Benchmarks for both
Central and Eastern Europe and Poland. These have not been easy
times and this ranking reflects, amongst other things, our
judicious approach to acquisitions and the depth of our asset
management skills."
-Ends-
For further information please contact:
First Property Group plc Tel: 020 7340 0270
Ben Habib (Chief Executive) investor.relations@fprop.com
Jeremy Barkes (Director, FJB Capital
Advisers)
Arden Partners Tel: 020 7614 5900
Chris Hardie (Director, Corporate
Finance)
RedleafPolhill Tel: 020 7566 6700
Mike Ward firstproperty@redleafpr.com
Notes to investors and editors
First Property Group plc is a commercial property fund manager
with operations in the United Kingdom and Central Europe. The
performance of its funds under management ranked No.1 versus the
IPD benchmarks for CEE and Poland for the five year period to 31
December 2010.
The business model of First Property Group is:
-- To raise third party funds to invest in income producing
commercial property;
-- To co-invest in these funds;
-- To 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;
-- To earn a return on its own capital invested in these
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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