24th Sep 2014 08:21
LONDON (Alliance News) - First Property Group PLC Wednesday said funds under management fell 5% to GBP324 million at the end of August from GBP341 million at March 31, due to the weakening of the euro versus sterling, the sale of a number of properties previously owned by Fprop PDR Ltd Partnership, and unrealised reductions in values of properties held by its funds invested in Poland.
The commercial property fund management group said it plans to publish its interim results on November 26.
First Property Group shares were untraded Wednesday at 31.17 pence.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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