First Property Group continues to trade well and in accordance with expectations, shareholders at the annual general meeting today will be told
Chairman Alasdair Locke will say: "Funds under management, including those held by the Group, currently stand at some £393 million, an increase of some £40 million since 31 March 2016. "This increase results from: 1. New investments made in the UK amounting to some £26 million; and 2. The strengthening of the euro against sterling which has increased the value in Sterling terms of our euro denominated assets (in Poland and Romania) by some £14 million.
"We expect continued growth in assets under management, particularly in the UK, where we are working on some attractive investment opportunities.
"We plan to report interim results on Wednesday 23 November 2016."