Results adjusted by operational choices aimed at long-term value creation
The Group’s assets under management amounted to €3.1 billion as at June 30, 2025, stable compared to December 31, 2024.
REIT activity: results impacted by strategic choices
- Owned assets amount to €180 million, showing a marginal decrease, with financial occupancy rate of 74%, temporarily affected by the ongoing leasing process of the recently delivered flagship asset (Tempo);
- Rental income decreased to €2.6 million, reflecting recent strategic disposals and tenant rotation.
Third-party management activity: continued expansion amid slow subscriptions
- Assets under management on behalf of institutional and retail investors remained stable at €2.9 billion;
- Management commissions reached €8.2 million, up +3%, driven by fund management activity of Fondo Broggi in Italy;
- Gross subscriptions amounted to €12.4 million, down 26%, in line with the market trend observed in last quarters;
- As part of its growth strategy in France and abroad, PAREF Group announces the appointment of David Aubin as Deputy Chief Executive Officer of PAREF Gestion, to support its development.
Operational and strategic highlights:
- Disposal of a warehouse asset at a selling price in line with independent valuation, following the strategy of divesting non-strategic assets;
- Building permit obtained for the NAU! asset in Frankfurt, an innovative and sustainable mixed-use project of 34,800 sqm, marking a key milestone for the redevelopment project;
- Awards: PAREF Gestion entered “Excellent” category of best SCPI management companies in 2025 ranking by Décideurs Magazine, PAREF Prima won 1st prize for “Best Long-Term Performance – Retail SCPI” in TOP SCPI 2025;
- Renewal of the SRI1 label for PAREF Hexa SCPI, marking the beginning of a second labelling cycle with strengthened ESG commitments.
« We turn current challenges into opportunities to strengthen the quality and resilience of our portfolio and assets under management. Our three strategic pillars: directly owned real estate, funds for retail investors, and tailored solutions for institutional clients, are more than ever our priorities. Backed by a clear long-term vision and the collective commitment of our teams, we are confident in the PAREF Group’s ability to create lasting value in a demanding environment. »
« In the context of the real estate market remaining subdued in the first half of the year, the Group’s assets under management stays stable, reflecting our disciplined approach, focused on preserving value and enhancing the performance of our portfolio. We are fully committed to securing new long-term rental income and seizing development opportunities in France and across Europe, thereby reinforcing our position as a European player dedicated to sustainable real estate performance. »
