The net £2.8m proceeds from the recent open offer fully covers First Property’s short-term cash requirements and will enable management to focus on building total returns from a competitively placed commercial portfolio, primarily invested in Poland and Romania. The new funds cover (a) the estimated c. £1.5m fit out of recently let office space in Blue Tower, Warsaw, ready for occupation by a new tenant from December and (b) a £1m scheduled deferred consideration payment, also for Blue Tower. Af ....

11 Oct 2024
Allenby Capital - First Property Group: Update

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Allenby Capital - First Property Group: Update
First Property Group plc (FPO:LON) | 14.1 0 0.0% | Mkt Cap: 20.8m
- Published:
11 Oct 2024 -
Author:
David Johnson -
Pages:
5 -
The net £2.8m proceeds from the recent open offer fully covers First Property’s short-term cash requirements and will enable management to focus on building total returns from a competitively placed commercial portfolio, primarily invested in Poland and Romania. The new funds cover (a) the estimated c. £1.5m fit out of recently let office space in Blue Tower, Warsaw, ready for occupation by a new tenant from December and (b) a £1m scheduled deferred consideration payment, also for Blue Tower. Af ....