FINANCIAL INFORMATION AS AT MARCH 31, 2020
The consolidated revenue of PAREF amounts to €10.3 Mn as at March 31, 2020, including:
-Gross rental income increasing by 20%, thanks to the acquisition of floors in Franklin tower, partly offset by disposals in 2019 and the impact of The Go restructuring project,
-Management commissions increasing by 31% explained by the growing asset under management of the funds managed on behalf of third parties and revenue from PAREF Investment Management Italy platform, acquired in Q3 2019,
-Subscription commissions decreasing by 21% due to a marked slowdown in subscriptions due to Covid-19 impact.