First Property plots UK return

AIM-listed First Property Group yesterday announced its financial results for the fiscal year ended 31 March 2009, reporting pre-tax  profit of £3.22m in comparison with profit of £4.66m in the previous year. The central and east European property fund said it was sizing up a return to the UK market as confidence returns to the commercial property market. The group has £10m of its own cash to invest in the UK, plus £40m of cash from the fund it manages.