First Property Group PLC Investment Performance vs MSCI's IPD CEE Benchmark
21 April 2016 - 4:00PM
RNS Non-Regulatory
TIDMFPO
First Property Group PLC
21 April 2016
Date: 21 April 2016
On behalf First Property Group plc ("First
of: Property" or the "Group")
Embargoed
for: 07:00
First Property Group plc
Investment Performance vs MSCI's IPD CEE Benchmark
First Property Group plc (AIM: FPO), the property fund manager
and investor, announces that the investment performance of its
funds under management in Poland and in Central Europe ranked No.1
against MSCI's Investment Property Databank (IPD) Central &
Eastern Europe (CEE) Benchmark for the ten years from the
commencement of its operations in Poland in 2005 to 31 December
2015.
Its investment performance also ranked No.1 against MSCI's IPD
CEE Benchmark for the annualised periods from 2005 to the end of
each of the years between 31 December 2008 and 31 December
2015.
At 31 December 2015 MSCI's IPD CEE Benchmark comprised a total
value of EUR8.12 billion in 372 property assets invested by
nineteen fund managers across Poland, Czech Republic, Slovakia,
Hungary, Romania and Bulgaria.
Commenting on this result, Ben Habib, Chief Executive, said:
"I am delighted that our investment performance has once again
ranked top amongst our peer group. Our consistently strong returns
are a testament both to our detailed local knowledge and our
disciplined policy of investing in higher yielding assets offering
sustainable income streams. Our strategy has remained consistent
and we look forward to continuing to provide value for our
shareholders and clients."
-Ends-
For further information please contact:
First Property Group plc Tel: 020 7340
0270
Ben Habib (Chief Executive www.fprop.com
& Chief Investment Officer)
George Digby (Group Finance
Director)
Jeremy Barkes (Director,
Business Development)
Arden Partners Tel: 020 7614
5900
Chris Hardie/ Ben Cryer
Redleaf Communications Tel: 020 7382
4747
Henry Columbine / Susie Hudson firstproperty@redleafpr.com
Notes to Investors and Editors:
First Property Group plc is a property fund manager and investor
with operations in the United Kingdom and Central Europe. 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:
o Management fees are levied by reference to the value of
properties under management;
o Performance fees are levied where appropriate, usually payable
upon realisation of profits above an agreed hurdle.
-- Group Properties - principal investments by the Group, to
earn a return on its own capital, usually in partnership with third
parties.
FPAM funds rank No.1 versus MSCI's Investment Property Databank
(IPD) Central & Eastern Europe (CEE) Benchmark for the ten
years from the commencement of its operations in Poland in 2005 to
31 December 2015, and for the annualised periods from 2005 to the
end of each of the years between 31 December 2008 and 31 December
2015.
First Property Asset Management Limited is authorised and
regulated by the Financial Conduct Authority. 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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