23.80 €
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16/10/2026-14:11

paref
Group

Pioneers in sustainable real estate in Europe

Who are we?

PAREF is a leading European player in real estate investment and asset management, with over 30 years of experience and a recognised track record. Operating in France, Italy, Germany and Switzerland, the Group, through its subsidiaries, manages and enhances real estate assets across Europe.

The Group benefits from strong expertise across the core segments of the real estate value chain, enabling it to drive value creation from acquisition to disposal, including fund and portfolio management, asset management, as well as renovation and development project management. This integrated approach allows PAREF to deliver tailored investment solutions designed to meet the needs of both institutional and individual investors.

Committed to long-term value creation, the Group places ESG considerations at the heart of its strategy and aims to contribute to sustainable growth.

PAREF is a SIIC-listed real estate company, traded on compartment C of Euronext Paris.

Our purpose

Our Vision

To support you on a daily basis so that your investments bear fruit.

PAREF is a leading international player in real estate investment and asset management. Our purpose: to support long-term real estate value creation with discipline, agility and responsibility.

Our Mission

Committed to the performance and dynamism of your investments, in France and abroad.

We carry out our business with dynamism and agility, to offer the best real estate solutions and products to our investors and clients.

Our
values

diversité

Diversity

Thanks to our expertise and to the diversity of assets at
our disposal, we can support our clients throughout the
entire real estate asset cycle.

proactivité

Proactivity

We are constantly reinventing ourselves and proactively
responding to new challenges in the sector.

agilité

Agility

Faced with the new challenges brought about by globalization,
we operate with agility to grasp every prospect for the future.
engagement

Commitment

For more than 30 years we have been committed
to our clients and to making their investments grow.

Our
story

PAREF introduces high-quality ESG supervision

PAREF launches its ESG Create MORE strategy, with the clear objective of contributing to society as a whole in order to create more value and sustainable growth for all stakeholders.

The Board of Directors has set up the new PAREF Group ESG Committee to provide additional support for ESG initiatives.

the Management

Takuya Yamada

Chairman and CEO

Anne Schwartz

Deputy CEO - PAREF
CEO - PAREF Gestion

Azzdine Guechi

Group Real Estate Director

Florence Ordonneau

Group Head of Legal

Jacek Kulakowski

Corporate Development and Investment Director - Dach and Central Europe Regions

Jia Wang

Group Chief Financial Officer

Sophie Xianyu

Group COO

Governance

Board of directors

Investment Committee

Audit Committee

Appointments and remuneration committee

ESG committee

Statutory Auditors

Takuya Yamada

CHAIRMAN, CHIEF EXECUTIVE OFFICER AND MEMBER OF SPECIALIZED COMMITTEES


Takuya Yamada brings more than 30 years of experience in real estate investment and asset management, along with an in-depth understanding of PAREF Group’s strategic challenges. Takuya Yamada joined Fosun in 2015 and currently serves as Global Head of Fosun Hive Overseas Operations. Prior to joining Fosun, he worked in the Sydney and New York branches of Sumitomo Trust and Banking Co. (now Sumitomo Mitsui Trust Bank, Limited) and later joined the Japanese arm of AIG’s global real estate business. Following Invesco’s acquisition of AIG, he was appointed Managing Director of Invesco Global Real Estate, overseeing real estate acquisitions and asset management across Japan and the Asia-Pacific region. Takuya Yamada holds a Master of Laws degree from Cornell University, USA.
HUBERT LÉVY-LAMBERT

HONORARY PRESIDENT

 
Hubert Levy-Lambert created PAREF Gestion (formerly Sopargem) in 1991 and then in 2005, carried out the IPO of PAREF on the stock market. He served as Chief Executive Officer, Chairman of the Management Board, and then Chairman of the Supervisory Board. Before structuring the PAREF group, he was Chairman of the Board of Directors of Caisse Centrale de Crédit Immobilier, Project Director at Banque Indosuez then at Société Générale, Managing Director of Ficofrance, Deputy Director of Société Générale , Deputy Director in the Department of Forecasting, rapporteur within the Planning Commission and head of mission at the Commune of Saharan Regions. Hubert Levy-Lambert is a graduate of the École Polytechnique (1953), the École des Mines (1955) and an HEC MBA (1962).
MICHAELA ROBERT

INDEPENDENT DIRECTOR, PRESIDENT OF THE NOMINATION AND REMUNERATION


Michaela Robert is Managing Director at Eastdil Secured. She is a founding partner of Finae Advisors, an independent real estate finance consulting firm created in 2009. Michaela Robert previously worked for 10 years as a lawyer in real estate law and structured finance in international law firms. In 2005, she joined the real estate investment funds managed by Morgan Stanley as Finance Director. Responsible for the financing of all the investments made by the different funds in France, Spain and Benelux, this experience allowed her to build a solid banking network and to acquire an in-depth knowledge of financing issues. Michaela Robert holds a Master's degree in Management from the University of Paris Dauphine, a Master's degree in Business Law from the University of Nanterre, and a diploma from the Hauts-de-Seine Bar School.
Christine SONNIER

INDEPENDENT DIRECTOR, MEMBER OF THE ESG COMMITTEE


Christine Sonnier is a seasoned executive and independent board director with extensive experience across the real estate, banking, and financial services sectors. Over the course of her career, she has held senior leadership roles in which she managed large teams and oversaw complex development projects, notably at L’Oréal, BNP Paribas REIM, CBRE Global Investors, and various financial institutions. She is widely recognised for her integrity, analytical acumen, negotiation skills, and her strong commitment to transparent governance, ESG oversight, and corporate philanthropy.

QI CHEN

DIRECTOR


Qi Chen has more than 10 years of experience in real estate investment and asset management. Joined Fosun Hive at early stage,  Qi Chen helped and played an important role on developing Fosun Hive’s coverage and real estate investment ability around the world, especially in Japan market. Before that, he worked with MSCI as a research manager focusing on Asia Pacific region. Qi Chen holds a master in Economics from Peking University and a master in Finance from the University of Hongkong. He also earned a BA in mass communication from Fudan University. He is a member of CICPA.
VALERIE GUILLEN

INDEPENDENT DIRECTOR, MEMBER OF THE AUDIT COMMITTEE


Valérie Guillen has been Managing Director at Chestone Capital since 2019, after having been President of Emerige Capital, a management company created and licensed in 2016. From 2009 to 2015, she was Director of Institutional Real Estate Development at La Française REM, after having served as Director of Investments and Arbitrages in commercial real estate in 2007 and 2008. Previously, Valérie Guillen was President of SIIC Foncière Massena (2004-2007) and President of Masséna Property (2000-2007). Valérie Guillen holds a Master's degree in Management and a DESS (post-graduate diploma) in Corporate Finance n°255 (Paris IX Dauphine).
Anjou Saint Honoré Company represented by Mark Goh

DIRECTOR, MEMBER OF THE INVESTMENT COMMITTEE


Anjou Saint Honoré company is represented by Mr. Mark Goh, a Singaporean national, vice-president of Singapore Telecommunications LTD in Singapore and head of the real estate team in charge of developing the portfolio of this important telecommunications group. Mark Goh has more than 20 years of professional experience, more than half of which in real estate activities. Mr. Mark Goh has a Masters in Architecture from Columbia University.
GUANGHUI QI

DIRECTOR, MEMBER OF THE AUDIT COMMITTEE AND OF THE APPOINTMENTS AND REMUNERATION COMMITTEE


Guanghui Qi joined Fosun in 2020, serving as Fosun Hive Partner, Deputy Chief Human Officer of Fosun and Chief Human Officer of Fosun Hive Overseas. He has gained extensive experience in leadership roles, spanning the topics of talent development, recruitment, compensation and benefits, and inclusion and diversity. Guanghui worked for Leyou Tourism Group as Vice President and Director of Human Resources. Guanghui holds a bachelor's degree in economics and international business from Xi'an University of International Studies and a master's degree in business administration from BI Norwegian Business School and Fudan University.
FUMIHIKO NIWA

DIRECTOR, MEMBER OF THE AUDIT COMMITTEE AND OF THE APPOINTMENTS AND REMUNERATION COMMITTEE AND OF THE INVESTMENT COMMITTEE


Fumihiko Niwa joined IDERA in 2021, acting as Chief Operating Officer & Chief Finance Officer. He is concurrently Chief Finance Officer of Fosun Hive Overseas. He has over 30 years of work experience in finance and accounting fields as well as corporate restructuring at multiple international companies. Mr. Niwa gained his experience in KPMG US, Goldman Sachs Realty Japan, Aetos Jpan, Morgan Stanley Capital and Accordia Golf He has a BA degree in Accounting from Chapman University in the U.S.
PENG PENG SIA

DIRECTOR, MEMBER OF THE ESG COMMITTEE


Sia Peng Peng joined Fosun in 2021 as Chief Portfolio Officer and is a partner of Fosun Hive. Ms. Sia has over 30 years of experience in infrastructure and real estate investment, development and asset management in the United States, Europe and Asia. Prior to joining Fosun, Sia Peng Peng held various senior positions in the asset management space, with AuM in excess of USD 12 billion, at Far East Organization and Keppel Capital/Alpha Investment Partners. Ms. Sia was the founding chair of Keppel Capital's ESG committee, which she chaired from 2012 to 2021. She is also in charge of defining ESG strategies for the group's various entities. Sia Peng Peng holds a Master in Land Economy from Cambridge University in UK and a First Class Honours degree in Estate Management from Ulster University. In 2021, Ms Sia was awarded the Pingat Bakti Masyarakat (PBM, Public Service Medal) National Day Awards by the President of the Republic of Singapore for her contribution to public service.
Joanne LUA
DIRECTOR
Joanne Lua is currently General Counsel. She oversees FHO's legal strategies and risk management initiatives. Joanne Lua is a seasoned corporate lawyer with extensive experience of corporate transactions, particularly in the fund management sector, with a particular focus on real estate investments and start-ups in emerging markets. Prior to joining Fosun, Joanne held the position of Head of Legal for Southeast Asia and New Markets at LOGOS Group, where she led legal operations and provided strategic advice for expansion into new territories. With over a decade of experience as a lawyer, Joanne has also gained experience in mergers and acquisitions and capital raising transactions, leveraging her expertise to achieve optimal results for her clients. Joanne Lua holds a Bachelor of Laws degree from the National University of Singapore and was called to the Singapore Bar in 2009.

TAKUYA YAMADA

President

FUMIHIKO NIWA

DIRECTOR

Company Anjou Saint Honoré represented by Mark Goh

DIRECTOR

VALERIE GUILLEN

CHAIR OF THE COMMITTEE, AS AN INDEPENDENT DIRECTOR

FUMIHIKO NIWA

DIRECTOR

GUANGHUI QI

DIRECTOR

MICHAELA ROBERT

CHAIR OF THE COMMITTEE, AS AN INDEPENDENT DIRECTOR

GUANGHUI QI

Director

FUMIHIKO NIWA

director

CHRISTINE SONNIER​​

CHAIR OF THE COMMITTEE, AS AN INDEPENDENT DIRECTOR

TAKUYA YAMADA

CHAIRMAN MEMBER OF THE BOARD OF DIRECTORS

PENG PENG SIA

MEMBER OF THE BOARD OF DIRECTORS

ELLA ETIENNE-DENOY

EXTERNAL MEMBER

ÉLODIE LE BRETON

EXTERNAL MEMBER

PRICEWATERHOUSECOOPERS AUDIT

Appointed at the constitutive general meeting of June 30, 1997, PricewaterhouseCoopers Audit was renewed for a period of six financial years at the general meeting of May 19, 2022.

GRANT THORNTON

Grant Thornton was appointed statutory auditor at the PAREF general meeting of May 17, 2017 and was renewed for a period of six financial years at the general meeting of May 17, 2023.

Takuya Yamada

CHAIRMAN AND CEO

Interim Chairman and CEO of PAREF, Takuya Yamada brings more than 30 years of experience in real estate investment and asset management, along with an in-depth understanding of PAREF Group’s strategic challenges.

Takuya Yamada joined Fosun in 2015 and currently serves as Global Head of Fosun Hive Overseas Operations. Prior to joining Fosun, he worked in the Sydney and New York branches of Sumitomo Trust and Banking Co. (now Sumitomo Mitsui Trust Bank, Limited) and later joined the Japanese arm of AIG’s global real estate business. Following Invesco’s acquisition of AIG, he was appointed Managing Director of Invesco Global Real Estate, overseeing real estate acquisitions and asset management across Japan and the Asia-Pacific region.

Takuya Yamada holds a Master of Laws degree from Cornell University, USA.

Anne Schwartz

DEPUTY CEO - PAREF
CEO - PAREF GESTION

Anne Schwartz has over 30 years of expertise in real estate markets. 

Anne began her career in asset management and then held various positions in real estate development and fund management, mainly at AXA Real Estate, where she became Deputy CEO of AXA REIM SGP, and a member of the executive committee of AXA IM Real Assets, in charge of managing various portfolios on behalf of third parties. 

Anne joined PAREF Gestion in 2019 to manage the development of the structure in France and Europe. In 2023, she was appointed Deputy CEO of PAREF for accelerating the deployment of the Group’s strategic plan in France and abroad, working alongside Antoine Castro. 

Anne is a graduate of ESLSCA Business School Paris and holds a Master’s degree in real estate from Université Paris-Est Créteil, specialising in construction economics and real estate activities. 

Azzdine Guechi

GROUP REAL ESTATE DIRECTOR

Azzdine Guechi has 20 years of expertise in real estate investment and asset management. 

Azzdine held several positions at Covivo, where he began his career as an analyst. He was responsible for various teams within its subsidiaries before becoming Head of the French Office portfolio. 

Azzdine joined PAREF Group in 2021 as Director of Asset Management. In 2023, he was appointed Group Real Estate Director to structure the real estate team and help accelerate the Group’s development. 

Florence Ordonneau

GROUP HEAD OF LEGAL

Florence Ordonneau has over 15 years of experience, including 10 years in the property investment sector.

Florence began her career as a lawyer in international law firms. She then became Head of Legal Affairs at Klépierre Management, where she was responsible for the legal management of the Group’s M&A operations in France and abroad. 

She joined the PAREF Group in 2023 to roll out the Group’s global legal strategy at national and international levels. 

Florence holds a Master’s degree in business law from the University of Paris X-Nanterre, the Certificat d’Aptitude à la Profession d’Avocat (CAPA), and a Master of Laws (LL.M) in German civil law from the University of Potsdam in Germany.

Jacek Kulakowski

CORPORATE DEVELOPMENT AND INVESTMENT
DIRECTOR - DACH AND CENTRAL EUROPE REGIONS

Executive Director of Investments and Director of Corporate Development for PAREF Group, based in Zurich, Jacek Kulakowski has over 15 years of experience in real estate investment. 

Jacek held various positions in mergers and acquisitions and financial management at international companies such as Crédit Suisse and UBS.

Then he was an Associate Director at FOSUN Group, in charge of European investments. 

Jacek joined PAREF in 2019 to source new investment opportunities for the Group 

Jacek holds a Master’s degree in Finance and Accounting from the University of Economics in Krakow. He is a CFA charterholder and a member of the Royal Institution of Chartered Surveyors (MRICS). 

Jia Wang

GROUP CHIEF FINANCIAL OFFICER

Jia Wang has over 15 years of experience in financial management and real estate. 

Jia began her career in 2011 at Schneider Electric in internal audit and financial control.   

In 2017, she joined PAREF Group as Financial Controller, then progressed to Head of Finance where she was in charge of several subjects such as financing, management control and financial communication. In 2023, she was appointed Chief Financial Officer.   

Jia holds a degree in management from HEC Paris and a double degree from CEMS (Master in International Management). 

Sophie Xianyu

GROUP COO

Group Chief Operating Officer Sophie Xianyu brings more than 18 years of experience in project management.

Sophie Xianyu began her career as a construction engineer and held various project manager positions at Geoxia and the Printemps Group before becoming AMO Project Manager at JLL.  

Sophie joined PAREF Group in 2018 in order to contribute to the elaboration of the land planning and development strategy and manage all real estate projects. 

Sophie is a UCLA graduate, specialising in civil and structural engineering, and is also a graduate of the Ecole spéciale des travaux publics, du bâtiment et de l’industrie (ESTP).