Business
Investment Performance vs MSCI's IPD CEE Benchmark
Investment Performance vs MSCI's IPD CEE Benchmark.
About this update from First Property Group Plc
[{"type":"text","content":"\n \nRNS Number : 8542V First Property Group PLC 21 April 2016 \n\n\n\n\n\nDate:\n\n\n21 April 2016\n\n\n\n\nOn behalf of:\n\n\nFirst Property Group plc (\"First Property\" or the \"Group\")\n\n\n\n\nEmbargoed for:\n\n\n07:00\n\n\n\n\n \nFirst Property Group plc\nInvestment Performance vs MSCI's IPD CEE Benchmark\n \nFirst Property Group plc (AIM: FPO), the property fund manager and investor, announces that the investment performance of its funds under management in Poland and in Central Europe ranked No.1 against MSCI's Investment Property Databank (IPD) Central & Eastern Europe (CEE) Benchmark for the ten years from the commencement of its operations in Poland in 2005 to 31 December 2015. \n \nIts investment performance also ranked No.1 against MSCI's IPD CEE Benchmark for the annualised periods from 2005 to the end of each of the years between 31 December 2008 and 31 December 2015.\n \nAt 31 December 2015 MSCI's IPD CEE Benchmark comprised a total value of €8.12 billion in 372 property assets invested by nineteen fund managers across Poland, Czech Republic, Slovakia, Hungary, Romania and Bulgaria. \n \nCommenting on this result, Ben Habib, Chief Executive, said:\n \n\"I am delighted that our investment performance has once again ranked top amongst our peer group. Our consistently strong returns are a testament both to our detailed local knowledge and our disciplined policy of investing in higher yielding assets offering sustainable income streams. Our strategy has remained consistent and we look forward to continuing to provide value for our shareholders and clients.\"\n \n-Ends-\nFor further information please contact:\n \n\n\n\n\nFirst Property Group plc\n\n\nTel: 020 7340 0270\n\n\n\n\nBen Habib (Chief Executive & Chief Investment Officer)\nGeorge Digby (Group Finance Director)\nJeremy Barkes (Director, Business Development)\n\n\nwww.fprop.com \n\n\n\n\n\n\n\n\n\n\n\n\nArden Partners\n\n\nTel: 020 7614 5900\n\n\n\n\nChris Hardie/ Ben Cryer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRedleaf Communications \n\n\nTel: 020 7382 4747 \n\n\n\n\nHenry Columbine / Susie Hudson\n\n\[email protected]\n\n\n\n\n \nNotes to Investors and Editors:\n \nFirst Property Group plc is a property fund manager and investor with operations in the United Kingdom and Central Europe. It...