First Property funds under management slip in recent trading
(Sharecast News) - First Property Group reported further leasing and transaction activity in a trading update on Tuesday.
Read moreThu, 11th Jun 2015 09:35
(Sharecast News) - First Property Group reported further leasing and transaction activity in a trading update on Tuesday.
Read moreWednesday 21 September | |
Games Workshop Group PLC | AGM |
Hipgnosis Songs Fund Ltd | AGM |
IG Group Holdings PLC | AGM |
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Thursday 22 September | |
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Ecofin Global Utilities & Infrastructure Trust PLC | GM pre-emption rights |
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Liontrust Asset Management PLC | AGM |
Oberon Investments Group PLC | AGM |
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Rockwood Strategic PLC | GM trading to the premium segment |
Trakm8 Holdings PLC | AGM |
Worsley Investors Ltd | AGM |
Friday 23 September | |
Accsys Technologies PLC | AGM |
Biffa PLC | AGM |
Bradda Head Lithium Ltd | AGM |
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In The Style Group PLC | AGM |
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Monday 26 September | |
Babcock International Group PLC | AGM |
Eastinco Mining & Exploration PLC | AGM |
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ECO Animal Health Group PLC | AGM |
Great Eastern Energy Corp Ltd | AGM |
Lamprell PLC | EGM re delisting |
Mediclinic International PLC | Court & GM re takeover by Remgro, SAS |
RPS Group PLC | GM cash offer agreement |
Tuesday 27 September | |
Bens Creek Group PLC | AGM |
Cohort PLC | AGM |
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Downing Four VCT PLC | AGM |
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First Property Group PLC | AGM |
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TP Group PLC | GM re annual report |
Yourgene Health PLC | AGM |
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First Property Group PLC - London-based property fund manager and investor - Completes the sale of the warehouse it owned in Tureni, Romania, for EUR3.6 million. Says the sale price represents a profit on disposal of about EUR1.2 million, the property having been acquired for EUR2.0 million in 2014. "This profit has been struck after the deduction of costs associated with the sale, capital expenditure incurred on the property during the period of ownership and remaining fitout costs contractually due to be incurred in respect of the property," First Property notes.
Read moreFirst Property Group PLC - London-based property fund manager and investor - Acquires further 32% or 7,171 square metres of the Blue Tower office building in Warsaw, bringing its total ownership of the building to 80% or 19,937 square metres. Will pay PLN40.4 million or GBP7.2 million in seven instalments over a six-year period, with the first payment of PLN6.0 million already paid. Confirms already owns 90% of the management company of the tower, giving it "effective total control" over the building. Says Polish economy is doing "relatively well" in challenging European economic environment, and expects demand for offices to be buoyed by increasing costs of construction materials, which have hindered construction of new office spaces in Warsaw.
Read moreFirst Property Group PLC - London-based property fund manager and investor - Leases a further 1,115 square metres of its office building in Gdynia, Poland, representing 9% of the net internal area. Once occupied, which is expected to be in January 2023, around 28% of the building will be occupied. In February 2021, following the expiry of the lease to the former sole tenant, the building was 97% vacant.
Says that the rent and service charge payable by tenants will exceed EUR65,000 per month, around EUR800,000 per year, resulting in a net operating loss of EUR30,000 per year from the building. When fully let it is anticipated that the building should yield rent of around EUR2.1 million per year.
Chief Executive Officer Ben Habib comments: "The speed at which we are making leasing progress at our office building in Gdynia, against significant market headwinds, is testament to the underlying strength of the Polish economy, this building's location, the quality of space on offer and our leasing team."
Current stock price: 28.00 pence
12-month change: down 11%
By Sophie Rose; sophierose@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
(Sharecast News) - Property fund manager and investor First Property Group has leased a further 1,115 square metres, or 9% of the net internal area, of its office building in Gdynia, Poland, it announced on Wednesday.
Read moreFirst Property Group PLC - London-based property fund manager and investor - Wins rent arbitration case against Signet Trading Ltd. Explains that its fund, Fprop Offices LP, owns an office complex in Hertfordshire in which Signet leased four floors. Says Signet claimed that these offices should be protected from rent debt under the Commercial Rent Act 2022, as relief due to the Covid-19 pandemic.
Read moreFirst Property Group PLC - London-based property fund manager and investor - Swings to a pretax profit of GBP7.1 million from a loss of GBP5.1 million. Explains that a restructuring of the finance lease of its office building in Poland resulted in an exceptional gain of EUR9.0 million and notes an impairment charge of GBP7.0 million the year before. Revenue falls 29% to GBP8.6 million from GBP12.1 million. Blames the expiry of the lease at same office block, which resulted in a reduction in rental income of GBP3.2 million. Reinstates final dividend with a payout of 0.25 pence per share. This takes its full-year payout to 0.50 pence.
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Redx Pharma PLC | Half Year Results |
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(Alliance News) - First Property Group PLC on Friday has signed leases at its Gdynia, Poland-based office.
Read more(Sharecast News) - Property fund manager and investor First Property Group has signed leases covering 2,691 square metres, or 20% of the net internal area, of its office building in Gdynia, Poland, it announced on Friday.
Read moreFirst Property Group PLC - London-based property fund manager and investor - Shares are suspended from trading on AIM in London on Monday, after Arden Partners PLC resigns as its nominated adviser. Arden lost its ability to act as a nomad due to its acquisition by Ince Group PLC, a deal set to complete by the end of April. First Property must appoint a new nomad within 30 days or its share will be cancelled from AIM.
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