Property investor and fund manager First Property (LON: FPO) is strengthening its balance sheet so that it has the flexibility to take advantage of opportunities in Poland and the UK.
First Property is set to sell its properties in Romania and its supermarket properties in Poland. That will provide additional cash to reinvest in other properties. The environment is still volatile, but there should be potentially profitable deals surfacing in the future.
Management is optimistic about the prospects in Poland. The economy is continuing to grow, and rental levels are generally linked to Eurozone ...
