First Property Group PLC Fprop appoints Senior Adviser
June 19 2017 - 1:00AM
RNS Non-Regulatory
TIDMFPO
First Property Group PLC
19 June 2017
Date: 19 June 2017
On behalf First Property Group plc ("First
of: Property", "the Company" or the "Group")
Embargoed: 0700hrs
First Property Group plc
Fprop appoints Senior Adviser
First Property Group plc (AIM: FPO), the property fund manager
and investor, is pleased to announce the appointment of Alasdair
Findlay-Shirras as a Senior Adviser.
Alasdair has had an extensive career in international capital
markets, with postings to New York, Dublin, Munich and London. Most
recently he was Senior Advisor to leading German real estate group,
Patrizia Immobilien AG. Previously he was the real estate partner
at FIRST Avenue Partners, a global placement agent. This followed
many years in London raising capital from Europe and the Middle
East for Citi Property Investors and Henderson Global Investors, in
the USA as an investment banker, and in Germany with Bayerische
Vereinsbank (HVB), as head of Financial Institutions.
Alasdair's primary role will be to assist the Group to raise
equity from third party investors for investment in Poland. His
efforts in this regard should be assisted by the excellent track
record of the Company, where its performance has consistently
ranked number 1 versus MSCI's Central and Eastern European
Benchmark since the establishment of its operations in Poland in
2005. The Group attributes its top ranked performance to its
disciplined underwriting procedures at purchase and rigorous asset
management thereafter by its 30-strong team of professionals based
in its Warsaw office. This team performs nearly all aspects of fund
and asset management in-house, a key competitive advantage.
The Group's Polish and Romanian commercial property business
currently comprises 28 properties with a value of some EUR275
million.
Commenting on the appointment, Ben Habib, Chief Executive,
said:
"We have known Alasdair for several years now, and have always
been impressed with his integrity and professionalism. We have high
hopes that his extensive network of investor contacts will
accelerate our efforts to grow our fund management business. I look
forward to working with him."
-Ends-
For further information please contact:
First Property Group plc Tel: +44 (20)
7340 0270
Ben Habib (Chief Executive www.fprop.com
Officer) investor.relations@fprop.com
George Digby (Group Finance
Director)
Jeremy Barkes (Director,
Business Development)
Arden Partners (NOMAD & Broker) Tel: + 44 (20)
7614 5900
Chris Hardie (Director, Corporate
Finance)
Ben Cryer (Corporate Finance)
Redleaf PR Tel:+ 44 (20)
7382 4734
Rebecca Sanders-Hewett / firstproperty@redleafpr.com
Robin Tozer /
Susie Hudson
Notes to Investors and Editors:
First Property Group plc is an award winning property fund
manager and investor with operations in the United Kingdom and
Central Europe. Around one third of the shares in the Company are
owned by management and their families.
Its focus is on higher yielding commercial property with
sustainable cash flows. The company is flexible and takes an active
approach to asset management. 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. FPAM currently
manages eleven funds which are invested across the United Kingdom,
Poland and Romania.
-- Group Properties - principal investments by the Group, to
earn a return on its own capital, usually in partnership with third
parties. Investments include ten directly held properties in Poland
and Romania (including five held by Fprop Opportunities plc [FOP],
in which the Group is currently the majority shareholder), and
interests in eight other funds managed by FPAM.
Listed on AIM the Company has offices in London and Warsaw.
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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