Investors set to reap rewards in Friends First fund

Friends First expects to payout around €2 million in dividends each year to investors who sign up for the property fund it has established following its €142 million investment in six Superquinn stores, writes David Clerkin.

19th May, 2007

Friends First expects to payout around €2 million in dividends each year to investors who sign up for the property fund it has established following its €142 million investment in six Superquinn stores, writes David Clerkin.

Friends First chief executive Adrian Hegarty said last week that it aimed to raise almost €40 million from retail investors for the new fund, which he said was the first of its kind to be marketed to smaller retail...

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