First Property Group PLC - London-based property fund manager and investor - Signs a new seven-year lease for space in its wholly owned office building in Bucharest, Romania. The building is now fully leased, up from 83% leased previously. Says that, following the new lease, the net operating income from the property will go up by 7% from around €300,000 per annum to around €325,000.

Chief Executive Officer Ben Habib says: ‘This is a creditable transaction, leasing a substantial amount of space in a difficult sub sector of the market, offices. The new lease underpins this property and the low level of tenant incentives agreed reflects the strength of the location and proposition.’

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