Consolidated revenue increased by 106%
The consolidated revenue of Group PAREF amounted to €13.7 M as at March 31, 2022, including:er quarter of 2022. It consists of:
- Gross rental income of €1.8 M, a slight decrease mainly explained by the disposals completed in 2021,
- Management commissions of €4.5 M, +80% compared to the same period in 2021 thanks to the new management mandates signed in 2021 and the delivery of Medelan asset at the end of Q1 2022, releasing a performance fee,
- Subscription commissions of €7.4 M, a significative increase by 246% compared to the same period last year, of which the monthly fundraising in March alone reached €50 M, mainly in SCPI Novapierre Allemagne 2.