IPD Performance Ranking

RNS Number : 0822M

First Property Group PLC

18 May 2010

 



Date:                           18 May 2010

On behalf of:               First Property Group plc ("First Property" or the "Group")

Embargoed for:           0700hrs

First Property Group plc

IPD Performance Ranking

First Property Group plc (AIM: FPO), the AIM-listed property fund management group, is pleased to report that it has retained its #1 ranking versus the IPD CEE Benchmark for the four years to 31 December 2009. It is also ranked #1 versus the IPD Polish Benchmark over the same period.

As at 31 December 2009 IPD's CEE benchmark amounted to a market capitalisation of €9.1 billion and its Polish benchmark amounted to a market capitalisation of €3.9 billion. IPD (Investment Property Databank) is the world leader in performance analysis for the owners, investors, managers and occupiers of real estate. To guarantee its independence it does not participate in real estate investment markets, does not value real estate portfolios and does not offer consultancy advice on investment decisions or other real estate issues.

Ben Habib, Chief Executive of First Property Group plc said: 

"I am delighted that our judicious investment policies have resulted in achieving this coveted ranking once again."

-Ends-

Enquiries to:

Ben Habib, Chief Executive,  First Property Group plc Jeremy Barkes, Director, FJB Capital Advisers	[e-mail] Tel: [phone]
Chris Hardie, Corporate Finance Director Arden Partners	[e-mail] Tel: [phone]
Emma Kane / Adam Leviton / Lucy Salaman Redleaf Communications Ltd	[e-mail] Tel: [phone]

Notes to editors:

About First Property Group plc

§ 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 is ranked #1 versus both the IPD CEE Benchmark and the IPD Polish Benchmark, over the 4 year period to 31 December 2009. It also has a 60% shareholding in an Electrical & Mechanical installation and maintenance contractor, First Property Services Limited.

§ Further information about the Company and its products can be found at: www.fprop.com

 

END

 

 

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