First Property Group's secured 33m in funding to assist with its developments at the Krakow Business Park in Poland from investors including three Oxford and Cambridge university colleges.
AIM-listed property fund manager First Property Group saw pre-tax profits hit a record high during the year ended 31 March, thanks to an improved performance from its fund management division and a stronger euro.
AIM-listed company First Property has increased its interim dividend by 5% to 0.42 pence per share, it announced on Tuesday.
Shares in First Property Group rose as it said its full-year pre-tax earnings, prior to the profit on sale of the Romanian property last month, are seen to be in line with market views.
AIM-listed investor First Property Group is to sell a logistics warehouse in Romania for 3.2m to Aquila Part Prod, the current occupier of the property.
AIM-listed investor First Property Group has, along with a club of investors, agreed to buy Pilot Tower, a recently built office building in Krakow, Poland, for about 23m.
Fund manager First Property Group has created a new £15.2m fund, Fprop UK Special Opportunities, with the universities of Oxford and Cambridge to invest in commercial property.
The biggest barrier for two-thirds of small and medium sized building firms was the lack of available land, according to a new industry survey, which has resulted in a skewing of the market towards larger operators in recent decades.
With Shire shares almost £20 short of last year's all-time high, the drug developer's chairwoman, chief executive and a clutch of senior directors have splashed some cash to show what they think of the valuation.
First Property Group said it continues to trade well and in line with expectations, although funds under management slid.
First Property Group sold its last remaining investment in Fprop, an office park in Uxbridge.
Avesco Group, a provider of services to the live events, broadcasting and entertainment markets, saw its shares jump by nearly a third on Thursday after swinging into profits during the first half.
First Property Group unveiled strong profit in its full-year results, underscored by surging earnings and continued asset expansion in Poland and Romania.
First Property Group said on Tuesday it expects full-year profits to be in line with expectations thanks to new investments.
The sale of six properties and gains from asset appreciation strongly boosted First Property Group's pre-tax profit in the first half of 2014, although the AIM-listed company said opportunities in the UK were becoming less plentiful.
The Chief Executive of First Property warned that Britain's house price boom could end in tears as the real estate fund manager hailed a market upturn in the UK and Poland for higher annual profits.
Commercial property fund manager First Property Group (Fprop) is hoping to tap into the Government's support for the housing market and the impact this is having on the residential development market through a new partnership with clients of an unnamed global investment business.