IPD Performance Ranking

RNS Number : 2325G

First Property Group PLC

10 May 2011

 



Date	10 May 2011
On behalf of	First Property Group plc ("First Property" or the "Company")
Embargoed for:	0700hrs

First Property Group plc

IPD Performance Ranking

First Property Group plc (AIM: FPO), the commercial property fund management group, is pleased to report that it has been ranked No.1 versus both the IPD Central & Eastern European (CEE) Benchmark and the IPD Polish Benchmark, for the five year period to 31 December 2010.

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.

As at 31 December 2010 IPD's CEE Benchmark comprised a total value of €11.7 billion in property, across 28 funds. Its Polish Benchmark comprised a total value of €4.3 billion in property, across 21 funds.

First Property had previously been ranked No.1 versus the same indices for the four years to 31 December 2009 and against the IPD CEE Benchmark for the three years to 31 December 2008. This is therefore the third successive year in which the Company has achieved its No. 1 ranking.

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

"We are delighted to have retained our No.1 rankings for the five years to 31 December 2010 against the IPD Benchmarks for both Central and Eastern Europe and Poland. These have not been easy times and this ranking reflects, amongst other things, our judicious approach to acquisitions and the depth of our asset management skills."

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For further information please contact:

First Property Group plc	Tel: [phone]
Ben Habib (Chief Executive) Jeremy Barkes (Director, FJB Capital Advisers)	[e-mail]
Arden Partners	Tel: [phone]
Chris Hardie (Director, Corporate Finance)
RedleafPolhill	Tel: [phone]
Mike Ward	[e-mail]

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 No.1 versus the IPD benchmarks for CEE and Poland for the five year period to 31 December 2010.

The business model of First Property Group is:

·     To raise third party funds to invest in income producing commercial property;

·     To co-invest in these funds;

·     To 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;

·     To earn a return on its own capital invested in these funds.

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

 

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