Appointment of Head of Development, UK

RNS Number : 9299D

First Property Group PLC

25 October 2022

 

Date:	25 October 2022
On behalf of:	First Property Group plc ("First Property", the "Company" or the "Group")
Embargoed:	0700hrs

Reach non-regulatory announcement*

First Property Group plc

Appointment of Head of Development, UK

First Property Group plc (AIM: FPO), the property fund manager and investor with operations in the United Kingdom and Central Europe, is pleased to announce that Arnold Musisi has joined the Company as Head of Development, UK. Arnold is tasked with leading the Group's development strategy across the UK. He will report to Martin Pryce, Director - Fund Manager, UK.

Arnold has been involved in the real estate market for 12 years. He has a detailed understanding of multiple asset classes and has gained extensive experience across all phases of the development lifecycle, ranging from origination and planning to construction and asset management.

Arnold has a management degree from the University of Sheffield, a MSc in Real Estate from Bayes Business School (formerly Cass) and is a Member of the Royal Institution of Chartered Surveyors (MRICS).

Martin Pryce, Director - Fund Manager, UK said:

"I am delighted to welcome Arnold to our team. His market experience and knowledge will be a real asset to the Company and the funds we manage. As the Group looks to expand its activities in the UK, Arnold will be a key element of this growth."

ENDS

For further information please contact:

First Property Group plc	Tel: [phone]
Ben Habib (Chief Executive Officer) Laura James (Group Finance Director) Jeremy Barkes (Director, Business Development) Jill Aubrey (Company Secretary)	[e-mail]
Allenby Capital (NOMAD & Broker)	Tel: + 44 (20) 3328 5656
Nick Naylor (Corporate Finance) Freddie Wooding (Corporate Finance) Amrit Nahal (Sales and Corporate Broking)
SEC Newgate (PR)	Tel: + 44 (20) 3757 6880;
Robin Tozer / Richard Bicknell / Max Richardson	[e-mail]

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. 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 twelve 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 comprise six directly held properties in Poland and Romania, and non-controlling interests in ten of the twelve funds managed by FPAM.

Quoted on AIM, the Company has offices in London and Warsaw. Around one third of the Company's shares are owned by management and their families. Further information about the Company and its properties can be found at: www.fprop.com . To receive RNS alerts by email please subscribe here .

*About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain.  Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

 

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