News blog
First Property Group
- BY: Andrew Hore |
- POSTED: 14/04/2011 |
First Property Group says that its assets under management rose by one-fifth to £365m in the year to March 2011.
Three-quarters of the assets are in Poland, 22% in the UK and the rest in Romania. First Property still has £30m of its UK fund and it is also raising new capital for its Polish fund. First Property reckons that prime UK property is overvalued but it does believe that there are other property assets that are good value.
Pre-tax profit will be in line with expectations in the year to March 2011.
First Property sold its 60% stake in First Property Services, a mechanical and electrical installation contractor, to its boss for £170,000.
At 20.5p a share, First property is valued at £22.7m.
The full year results will be published on 21 June.
Download the April edition of AIM Journal at http://www.hubinvest.com/AIMPDFApril2011_19.pdf
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|