24th Feb 2016 08:23
LONDON (Alliance News) - Property fund manager and investor First Property Group PLC said on Wednesday partners in UK Pension Property Portfolio LP, a fund managed by the group, have agreed to extend its life by five years to 2022.
First Property Group said the fund, which was due to mature on February 5, 2017, will now mature on February 5, 2022. UK Pension Property Portfolio owns twenty one properties worth around GBP100.0 million and generates a dividend yield of 6.5% per annum for its partners.
Shares were untraded in First Property Group on Wednesday, having last traded at 45.00 pence.
By Hannah Boland; [email protected]; @Hannaheboland
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