First Sponsor Group

SINGAPORE (May 30): First Sponsor's indirect wholly-owned subsidiary, Chengdu Gaeronic Real Estate, has agreed to sell a portion of its Chengdu Cityspring project for a consideration of RMB465 million ($97.5 million).

SINGAPORE (May 24): Less than four years after its public offering as a play on China’s red-hot property market, Singapore’s First Sponsor Group is banking on continental Europe to fuel earnings growth.

SINGAPORE (Apr 25): First Sponsor Group, the mixed property developer in the Netherlands and China, announced 1Q18 earnings increased by 20.3% to $17.1 million, compared to $14.2 million in 1Q17.

SINGAPORE (Feb 8): First Sponsor property group reported a 41.5% fall in 4Q17 earnings to $42.7 million from $72.9 million a year ago.

SINGAPORE (Dec 26): First Sponsor Group has entered into a sale and purchase agreement for the proposed acquisition of the majority apartment rights of a mixed use office building in Amsterdam, the Netherlands, for 55.5 million euros ($88.6 million).

SINGAPORE (Oct 25): Property developer First Sponsor Group posted a 13.9% increase in earnings to $22 million for the 3Q ended September, from $19.3 million a year ago.

SINGAPORE (Aug 30): KGI likes property developer First Sponsor Group for having almost sold all the apartments in its China condo project as well as its acquisition of a Dutch hotel chain.

SINGAPORE (July 26): First Sponsor Group posted a 8.8% rise in 2Q17 earnings to $9.4 million which is also its 11th straight q-o-q growth since IPO in July 2014.

SINGAPORE (July 3): First Sponsor Group is acquiring a portfolio of heritage branded hotels in the Netherlands for €205 million ($323.3 million).

SINGAPORE (June 21): First Sponsor Group is acquiring the third to ninth floor of the Poortgebouw Hoog Catherijne, in Utrecht, the Netherlands, for 26.4 million euros ($40.8 million).