THIRD QUARTER 2019 FINANCIAL INFORMATION
Consolidated turnover
- The consolidated turnover of the PAREF Group reached € 28.2 million at September 30, 2019, up +7 1TP1Q compared to the same period in 2018.
- This performance is mainly explained by the management activity on behalf of third parties and dynamic management of property assets held directly with an increase in rents at constant scope of +2.6 1TP1Q, which offset the negative impact (i ) disposals of assets held directly by PAREF in 2018 and 2019, (ii) the launch of the redevelopment project for the asset located in Levallois-Perret and (iii) the cessation of collection on SCPI Novapierre Germany which reached its maximum capital at the end of the first half of 2019.
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