First Property Share News (FPO)

First Property agrees seven-year lease at Bucharest office building

(Sharecast News) - First Property Group announced the signing of a new seven-year lease for a significant portion of its office building in Bucharest, Romania on Thursday.

IN BRIEF: First Property ups income from Romania property on new lease

First Property Group PLC - London-based property fund manager and investor - Signs a new seven-year lease for space in its wholly owned office building in Bucharest, Romania. The building is now fully leased, up from 83% leased previously. Says that, following the new lease, the net operating income from the property will go up by 7% from around EUR300,000 per annum to around EUR325,000.

First Property launches loan making platform for commercial properties

(Alliance News) - First Property Group PLC on Wednesday celebrated the launch of its senior loan making platform, designed to help finance and refinance commercial property.

First Property restructures loan against Polish shopping centre

(Alliance News) - First Property Group PLC on Tuesday said that it has restructured the loan secured against Galeria Corso, in which it is a shareholder.

TRADING UPDATES: McBride ups outlook, whilst FireAngel lowers

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

IN BRIEF: First Property signs two new leases for Krakow office

First Property Group PLC - London-based property fund manager and investor - Signs two new leases for 1,472 squared metres in total at Pilot Tower, Krakow, an office property in which it has an 18% interest via its shareholding in Fprop Krakow Ltd. Says the building is now 73% leased, having lost its main tenant Ringier Axel Springer Podolska in July 2021, during Covid-19 lockdown.

IN BRIEF: First Property Group obtains loan secured against property

First Property Group PLC - UK property fund manager and investor - Reports EUR1.7 million loan has been obtained by E & S Estates Ltd of which it owns 89%. Says loan secured on a supermarket in Praga, a suburb of Warsaw, Poland worth EUR3.4 million, implying loan to value ratio of around 50%. Forecasts net income from property of EUR160,000, a return on equity of 9% annually. Notes group cash following this refinancing amounts to GBP8.5 million.

First Property subsidiary secures EUR 1.7m loan

(Sharecast News) - Property fund manager and investor First Property announced on Wednesday that its subsidiary E and S Estates has secured a loan of €1.7m.

First Property offloads two Poland supermarkets

(Sharecast News) - First Property Group has sold two supermarkets in Poland, it announced on Wednesday, for €6.2m, on behalf of funds it manages in which it has an 88.5% interest.

First Property says supermarket sale cash will strengthen its finances

(Alliance News) - First Property Group PLC on Wednesday celebrated the sale of two supermarkets in Poland, via consolidated undertaking, for a total of EUR6.2 million.

EARNINGS SUMMARY: ActiveOps loss narrows; Puma VCT net assets up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

UK earnings, trading statements calendar - next 7 days

First Property inks five-year lease on Poland office building

(Alliance News) - First Property Group PLC on Monday said it has signed a five-year lease on part of its office building in Lublin, eastern Poland.

First Property signs new five-year lease at Lubin office asset

(Sharecast News) - First Property Group has signed a new five-year lease covering around 1,000 square metres, or 9.5% of the gross leasable area, of an office building in Lublin, Poland, it announced on Monday.

TRADING UPDATES: Pendragon to assess options; Grafenia issues bonds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: