Business
Fprop appoints Senior Adviser
Fprop appoints Senior Adviser.
About this update from First Property Group Plc
[{"type":"text","content":"\n \nRNS Number : 4024I First Property Group PLC 19 June 2017 \n\n\n\n\n\nDate:\n\n\n19 June 2017\n\n\n\n\nOn behalf of:\n\n\nFirst Property Group plc (\"First Property\", \"the Company\" or the \"Group\")\n\n\n\n\nEmbargoed:\n\n\n0700hrs\n\n\n\n\n \nFirst Property Group plc \nFprop appoints Senior Adviser \n \nFirst 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. \n \nAlasdair 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.\n \nAlasdair'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.\n \nThe Group's Polish and Romanian commercial property business currently comprises 28 properties with a value of some €275 million. \n \nCommenting on the appointment, Ben Habib, Chief Executive, said: \n \n\"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.\"\n \n \n \n \n-Ends- \n \nFor furth...