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International development

PAREF announces the acquisition of a property management platform in Italy enabling the Group to exceed € 2 billion in assets under management

The PAREF Group announces a major step in its international development with the acquisition, signed today through its subsidiary PAREF Investment Management, of a property management platform based in Italy from the Fosun group.

This platform currently manages the restructuring of the “The Medelan” building located in Milan on behalf of the insurance company Fidelidade. This mixed-use asset covers nearly 55,000 m² in the historic city center of Milan and will offer the best market standards, particularly from an environmental point of view, with the Leed Platinium certificate.

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