First Property plans to exit Romania and buy real estate at beaten up prices

Having swung back into profit after last year’s loss, and re-instituting its dividend, First Property Group (FPO) has plans to buy more commercial property at beaten up prices.

Ben Habib, chief executive of FPO, tells IGTV’s Jeremy Naylor that he plans to do this by exiting the company’s Romanian business. Habib also talks about being able to double rents in the forthcoming period as markets recover.

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