Press releases

PAREF - Acquisition in Italy

  08/28/2019 6:00 PM

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 real estate 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 Fidelidade insurance company. 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.

Thanks to this new PIM Italy platform and the management of The Medelan project, the PAREF Group is accelerating its management activity on behalf of institutional third parties and thus strengthening its expertise in the management of restructuring and development projects for complex and large assets. sizes.

Following this acquisition, the amount of assets under management of PAREF exceeds 2 billion euros. The Group is now present in France, Germany, Italy and Switzerland, and intends to develop its activities in Italy through PIM Italy and more generally in Europe.

 

 

Financial Agenda
October 30, 2019: Financial information as of September 30, 2019

About the PAREF Group
PAREF is developing in two complementary activities sectors: (i) investment through the real estate company SIIC PAREF mainly in real estate for companies in the Paris region (128 M € of assets as of June 30, 2019) and (ii) management on behalf of third parties through PAREF Gestion (€ 1,656 million in funds managed as of June 30, 2019), a management company approved by the AMF.

PAREF is a SIIC real estate company, listed on compartment C of Euronext Paris - FR0010263202 - PAR
More information on www.paref.fr

Contacts

Antoine CASTRO
General manager
Antoine ONFRAY
Chief Operating Officer

info@paref.com
Phone. : 01 40 29 86 86

Press contact
Citigate Dewe Rogerson, Alexandre Dechaux
01 53 32 84 79
Alexandre.dechaux@citigatedewerogerson.com


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