PAREF GESTION SELECTED TO MANAGE THE MANDATE OF THE ASSET “THE MEDELAN” IN ITALY

PAREF Gestion launches the fund management business line in Italy and announces that it has been selected to manage the Fondo Broggi, owner of one of the most emblematic assets on the Milan market: The Medelan.  

This new mandate represents a significant milestone in the company’s European development as it aims of being a leading player in Italy. It also attests to the ability of the Group, which has been acting as an asset and development management advisor for the fund since its establishment, to offer the market a unique entry point through a transversal offer: ONE-STOP-SHOP.   

The Medelan, one of the most attractive addresses in Europe  

Fondo Broggi is a core real estate fund dated in 2017 owned by the Portuguese insurance company Fidelidade and which owns The Medelan building. Formerly known as “Palazzo Broggi”, the asset has been restructured and renovated. This complex, located in the centre of Milan, a few steps from the Duomo, the Vittorio Emanuele II Gallery and La Scala, consists of three buildings built in 1901, 1903 and 1960. Following its restructuring and awarded with the FIABCI Global Excellence Award in 2023, The Medelan has become the lifestyle heart of Milan.  

The asset, with a surface area of 55,000sqm, is leased to prestigious brands. It offers a full range of high-end services: offices and shops, green spaces, terraces and roof tops as well as a Michelin-starred restaurant. 

It is a prime example of a project that aims to combine respect for architectural heritage, innovation and performance in terms of sustainability and eco-compatibility.  

The Medelan is LEED Platinum, WiredScore and WELL Silver certified since 2022.  

 

PAREF Gestion Italy, new manager chosen by Fondo Broggi Unitholders 

PAREF, which until now operated as an advisor for asset and development management activities through its subsidiary PAREF Investment Management, has now been entrusted with the mandate of the Fondo Broggi on behalf of PAREF Gestion Italy. Through this signature, the Group consolidates its 360° positioning across the entire real estate value chain. 

« The Medelan is one of the most beautiful addresses in Italy and it is also a project of rare ambition in terms of restructuring and renovation for PAREF Group. We are particularly proud to be selected today by Fondo Broggi Unitholders to manage the mandate. This is a significant step that symbolizes the Group's strategy and ambition to offer its transversal offer: ONE-STOP-SHOP. »

« Our mission as asset management and development advisor for the fund since its inception has enabled us to establish this flagship asset in the premium real estate landscape, in Milan, Italy and throughout Europe. This project is based on the work and expertise of our teams, who are involved daily in creating value and deploying the most ambitious standards in terms of sustainability and well-being. Now mandated to manage the Broggi Fund, PAREF is taking a new step to become a leading player in Italy. »