Simon Thompson 

Bargain basement property play

Simon Thompson

Simon Thompson

The deconsolidation of Aim-traded UK and eastern European property fund manager and investor First Property’s (FPO:39.5p) shareholding in Fprop Opportunities, the owner of five high-yielding commercial properties in Poland, slightly complicates the company’s latest half-year results. That’s because First Property now holds a 40 per cent stake in Fprop Opportunities, which means that investment is treated as an associate, thus skewing comparisons for year-on-year results.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now