Last checked at 25 Oct 2010 07:00
Date: 25 October 2010
On behalf of: First Property Group plc ("First Property" or the "Group")
Embargoed for: 0700hrs
First Property Group plc
Notice of Interim Results
First Property Group plc (AIM: FPO), the AIM-listed property fund management group, will announce its interim results for the six months ended 30 September 2010 on Tuesday 30 November 2010.
An analysts' briefing will be held at 0930hrs at the offices of Redleaf Communications, 11-33 St John Street, London EC1M 4AA. A facility to join by conference call will also be available on +44-20-8515-2302, a recorded copy of which will be posted on the company website, www.fprop.com.
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For further information contact:
| First Property Group plc | Tel: 020 7731 2844 |
| Ben Habib (Chief Executive) Jeremy Barkes (Director, FJB Capital Advisers) | www.fprop.com |
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| Arden Partners | Tel: 020 7614 5900 |
| Chris Hardie (Director Corporate Finance ) |
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| Redleaf Communications | Tel: 020 7566 6708 |
| Adam Leviton | 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 #1 versus the IPD benchmarks for CEE and Poland for the 4 year period to 31 December 2009.
·; The principal business model of First Property Group can be summarised as follows:
o raise third party funds to invest in income producing commercial property;
o co-invest in these funds;
o 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;
o earn a return on its own capital invested in these funds.
·; It also has a 60% shareholding in a mechanical & electrical (M&E) installation and maintenance contractor, First Property Services Limited.
·; Further information about the Company and its products can be found at: www.fprop.com