RCS - First Property Group - Appointment of Head of Development, UK

First PropertyAnnouncement

25/10/2022 07:00

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RNS Number : 9299D  First Property Group PLC  25 October 2022

 Date:          25 October 2022
 On behalf of:  First Property Group plc ("First Property", the "Company" or the "Group")
 Embargoed:     0700hrs

 

Reach non-regulatory announcement*

 

First Property Group plc

Appointment of Head of Development, UK

 

First Property Group plc (AIM: FPO), the property fund manager and investor
with operations in the United Kingdom and Central Europe, is pleased to
announce that Arnold Musisi has joined the Company as Head of Development, UK.
Arnold is tasked with leading the Group's development strategy across the UK.
He will report to Martin Pryce, Director - Fund Manager, UK.

 

Arnold has been involved in the real estate market for 12 years. He has a
detailed understanding of multiple asset classes and has gained extensive
experience across all phases of the development lifecycle, ranging from
origination and planning to construction and asset management.

Arnold has a management degree from the University of Sheffield, a MSc in Real
Estate from Bayes Business School (formerly Cass) and is a Member of the Royal
Institution of Chartered Surveyors (MRICS).

Martin Pryce, Director - Fund Manager, UK said:

"I am delighted to welcome Arnold to our team. His market experience and
knowledge will be a real asset to the Company and the funds we manage. As the
Group looks to expand its activities in the UK, Arnold will be a key element
of this growth."

 

 

ENDS

 

 

 

 

For further information please contact:

 

 First Property Group plc                            Tel: +44 (20) 7340 0270
 Ben Habib (Chief Executive Officer)                 investor.relations@fprop.com (mailto:investor.relations@fprop.com)

 Laura James (Group Finance Director)

 Jeremy Barkes (Director, Business Development)

Jill Aubrey (Company Secretary)

 Allenby Capital (NOMAD & Broker)                    Tel: + 44 (20) 3328 5656
 Nick Naylor (Corporate Finance)

 Freddie Wooding (Corporate Finance)

 Amrit Nahal (Sales and Corporate Broking)

 SEC Newgate (PR)                                    Tel: + 44 (20) 3757 6880;
 Robin Tozer / Richard Bicknell / Max Richardson     firstproperty@secnewgate.co.uk (mailto:firstproperty@secnewgate.co.uk)

 

Notes to Investors and Editors:

 

First Property Group plc is an award-winning property fund manager and
investor with operations in the United Kingdom and Central Europe. Its focus
is on higher yielding commercial property with sustainable cash flows. The
Company is flexible and takes an active approach to asset management. Its
earnings are derived from:

 

·      Fund management - via its FCA regulated and AIFMD approved
subsidiary, First Property Asset Management Ltd ("FPAM"), which earns fees
from investing for third parties in property. FPAM currently manages twelve
funds which are invested across the United Kingdom, Poland and Romania.

·      Group properties - principal investments by the Group to earn a
return on its own capital, usually in partnership with third parties.
Investments comprise six directly held properties in Poland and Romania, and
non-controlling interests in ten of the twelve funds managed by FPAM.

 

Quoted on AIM, the Company has offices in London and Warsaw. Around one third
of the Company's shares are owned by management and their families. Further
information about the Company and its properties can be found at:
www.fprop.com (http://www.fprop.com) . To receive RNS alerts by email please
subscribe here
(https://sirius.brighterir.com/public/fprop/news_alerts/email_alerts/register)
.

 

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