First Property Share News (FPO)

DIRECTOR DEALINGS: First Property Executives Exercise Options

LONDON (Alliance News) - First Property Group PLC Thursday said Chief Executive Ben Habib and Finance Director George Digby have respectively exercised options over 750,000 and 500,000 shares granted pursuant to the First Property Group Share Option Scheme, at an exercise price of 16.5 pence each

First Property Says Partnership Firm Has Raised GBP25.4M

LONDON (Alliance News) - First Property Group PLC Tuesday said its new partnership Fprop PDR has raised GBP25.4 million in cash commitments from clients of an unnamed global investment business bringing its total cash resources to GBP41 million. Fprop PDR has completed the purchase of an of

First Property Group Buys Polish Shopping Centre For EUR4.3 Million

LONDON (Alliance News) - First Property Group PLC Monday said its Polish-focused fund, in which it has a 76.2% stake, has acquired an unnamed special purpose limited liability company (SPV) whose sole asset is a multi-let shopping centre in Ostroweic, southern Poland, in a deal worth EUR4.3 milli

First Property Sells Bracknell Office Building For GBP2.1 Million

LONDON (Alliance News) - First Property Group PLC Tuesday said it has exchanged contracts for the sale of its vacant office building in Bracknell, Berkshire, for GBP2.1 million to an unnamed UK housing association. The property fund management group said the sale price is expected to result

DIRECTOR DEALINGS: First Property Non-Executive Buys Shares

LONDON (Alliance News) - First Property Group PLC Wednesday said non-executive director Peter Moon bought 22,133 shares at a price of 24.85 pence per share. Following this transaction, Moon holds 331,631 shares, which represents 0.29% of the share capital. Shares in the commercial pro

First Property Group Interim Results Dented By Warsaw Office Block Sale

First Property taps into housing market with investment tie-up

Commercial property fund manager First Property Group (Fprop) is hoping to tap into the Government's support for the housing market and the impact this is having on the residential development market through a new partnership with clients of an unnamed global investment business. The closed-ended t

First Property Partners With Investment Business To Convert Offices For Residential Use

First Property Group To Convert Office Acquisitions To Residential Buildings

First Property Group reveals 13 per cent drop in profits

Commercial property fund management company First Property Group has revealed a 13 per cent decline in pre-tax profit for the six months ended September 30th. Profit before tax (from continuing operations) totalled £2.21m, down from £2.54m the same period the previous year, while assets under mana

First Property sells office building in Warsaw

First Property, the commercial property fund management group, has pocketed a tidy profit on the sale of one of its two directly owned properties, an office building in Mokotow, Warsaw. The company, which bought the building in November 2007, has raised PLN 11.95m - about £2.3m - from the sale whic

AuM down at First Property Group despite good trading

First Property Group, a commercial property fund management group, will say at Friday's annual general meeting that trading has continued well and in line with the firm's expectations, despite the difficult economic conditions. It's clients have also performed well, but the weakening euro has resu

First Property results show polish

Interim profits shot higher at commercial property fund management group First Property as it reaped the benefit of being heavily invested in its own funds. The Poland and UK-focused firm saw a 79% rise in pre-tax profit to £2.54m for the six months ended 30 September from £1.42m at the interim sta

First Property prefers Poland to London

Poland-focused property fund management group First Property is looking to kick on this year as the effects of recent purchases start feeding through to the bottom line. Profit before tax in the year to 31 March rose 13.0% to £2.95m from £2.61m the year before, despite much of the company's rents

First Property keen to increase Polish exposure

Commercial property fund management group First Property saw the strength of the euro put a dampener on interim profits. Revenue in the six months to 30 September rose to £5.03m from £4.80m the year before but profit before tax dipped to £1.32m from £1.56m a year earlier, partly as a result of a sh