Consolidated revenue increased by 106%
The consolidated revenue of Group PAREF amounted to €13.7 M as at March 31, 2022, including:st 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.
“In an environment that has been particularly tight in recent months, we are pleased to note the strong recovery in subscriptions to PAREF Gestion and the performance of PAREF Investment Management in enhancing the value of PAREF's real estate assets, both in terms of leasing and disposals.” »
“The direction taken by the PAREF Group continues to be excellent, with revenues for the quarter demonstrating the strength of the model and the quality of the teams. The exceptional positive results achieved this quarter confirm the Group's resilience.”
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