First Property (GB:FPO) has released an update.
First Property Group PLC has successfully secured a 15-year lease with TV República for 3,100 square meters in its Blue Tower property in Warsaw, promising an annual revenue of €935,000. The company has also managed to cut annual overhead costs by £650,000, with full savings to be reflected in the 2026 fiscal year. Additionally, First Property is planning to raise new equity capital to fund the fit-out for the new lease and strengthen its balance sheet, with further details to be announced.
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