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BRIEF-First Property establishes GBP 180 mln fund to invest in UK office property
July 17, 2017 / 6:25 AM / 5 months ago

BRIEF-First Property establishes GBP 180 mln fund to invest in UK office property

July 17 (Reuters) - First Property Group Plc

* First property establishes new GBP 180 million fund to invest in UK office property

* Fund has a term of seven years and is mandated to invest in office blocks and business parks across England

* Fund closed its first round of funding on 14 July 2017 with equity commitments of GBP 182 million,

* Second closing with additional equity commitments is expected later this year

* Has now raised some GBP 250 million of equity commitments from third parties since referendum on 23 June 2016

* Total assets under management, including group properties, are therefore expected to grow from GBP 477 million to in excess of GBP 750 million Source text for Eikon: Further company coverage:

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