Commercial property specialist First Property is planning to launch a new fund to mirroring its fully invested UK PPP fund, according to media reports.
Commercial property specialist First Property is planning to launch a new fund to mirroring its fully invested UK PPP fund, according to media reports.
The new fund, named Fprop Sterling Income Fund, is expected to follow a similar investment strategy to the £106 mln (EUR 126 mln) UK PPP fund, which was established in 2010. UK PPP is currently paying a dividend yield in excess of 6.4% per annum.
