First Property Group plc is a property fund manager and investor with operations in the United Kingdom and Central Europe. Its earnings are derived from:
•Fund management – via its FCA regulated and AIFMD approved subsidiary, First Property Asset Management Ltd (FPAM), which earns fees from investing for third parties in property:
◦Management fees are levied by reference to the value of properties under management;
◦Performance fees are levied where appropriate, usually payable upon realisation of profits above an agreed hurdle.
•Group Properties – principal investments by the Group, to earn a return on its own capital, usually in partnership with third parties.