News & Videos - PAREF - English

PAREF Group announces the establishment of a strategic partnership with Parkway Life REIT, one of the largest listed healthcare REITs in Asia, as it embarks on its investment strategy in Europe. PAREF provided investment management advice to Parkway Trust Management Limited, the manager of Parkway Life REIT, for the sale and leaseback acquisition, by Parkway Life REIT from DomusVi Group, of a portfolio of 11 nursing homes in France; and signed management services agreements providing a full...

PAREF, the owner of 6 floors in the upper part of the Franklin Tower, located at the La Défense Esplanade, announces the signing of a lease renewal with a significant expansion. PAREF renews and expands a strategic lease in La Défense The subsidiary of a major French banking group has chosen to strengthen and consolidate its presence in the Franklin Tower, at the heart of the La Défense business district. As part of a significant agreement with PAREF, this renowned tenant has expanded its...

PAREF CONTINUES TO SET NEW MILESTONES IN ITS STRATEGY AS A EUROPEAN PLAYER PAREF Group's consolidated revenue amounted to €21.4 million as at September 30, 2024, down -19% compared to the same period in 2023. This is mainly due to: Gross rental income almost stable, -2% compared to the same period in 2023, despite the temporary vacancy on the Franklin Tower Management commissions up +9% compared to the same period in 2023, reaching €12.4 million over three quarters, driven in particular by...

PAREF, a leading European player in real estate management for more than 30 years, received two EPRA [1] awards, highlighting the quality of its financial communication and sustainability performance reporting. BPR (Best Practice Recommendations) Gold Level Award PAREF has been awarded, once again this year, EPRA BPR Award at Gold level, attesting to the excellence of its financial communication practices. This recognition reflects PAREF's ongoing commitment to ensuring quality and transparency...

STRUCTURING OPERATIONAL CHOICES AMID MARKET HEADWINDS Assets under management up to over €3 bn as at June 30, 2024 EPRA recurring net income improving to €2m / Net rental income down to €3.9m EPRA NRV NAV: €108.9/share , -4% vs. December 31, 2023 Loan-to-value ratio (LTV): 31% Owned portfolio activity: continued evolution towards assets with high value-creation potential and greater environmental quality Owned assets valued at €182m, remaining stable Financial occupancy rate: 83.2% ,...

Terms and conditions of availability or consultation of the 2023 Universal Registration Document The Universal Registration Document 2023 was filed with the Autorité des Marchés Financiers (AMF) on April 17 th , 2024. The Universal Registration Document includes in particular: 2023 annual financial report ; Board of Directors' report on corporate governance Statutory Auditors' reports Information on fees paid to the Statutory Auditors Information on social, environmental and societal...

FINANCIAL INFORMATION OF THE FIRST QUARTER 2024 Consolidated Revenue of the first quarter 2024 The consolidated revenue of PAREF Group stands at €6.8 Mn for the first quarter 2024, down by 24% compared to the same period of 2023. The revenue consists of: Gross rental income of €2.2 Mn, up by 4%, mainly resulted from rent indexation across all owned assets; Gross management commissions of €3.8 Mn, increasing by 14% thanks to new investments realised in SCPI funds in 2023, particularly in...

Consolidated turnover of €33.8m, driven by higher rental income and management commissions Net rental income amounted €8.8m in 2023, an increase of 31% compared to December 31, 2022 Revenues on management fees reached €15.5 m , stable compared to December 31, 2022 Signature of « Sustainability-Linked Loan » (SLL) of €90m to refinance the Group Loan to Value ratio (LTV) [1] remains low at 28% (compared to 22% as of December 31, 2022) EPRA recurring net income at €2.1m, down 21%...

PAREF announces today the signing of a corporate financing for a total amount of €90 Mn. This financing - composed of a €50 Mn loan with 5-year maturity and a confirmed undrawn credit line of €40 Mn with 4-year maturity - will enable the Group to refinance its debt and pursue its on-going and future development projects. PAREF has opted for a sustainable financing in line with its convictions and its ESG strategy "Create More". This is a Sustainability-Linked Loan (SLL), with an ESG...

Anne Schwartz appointed Deputy CEO of PAREF. With more than 20 years of expertise in real estate market, Anne Schwartz joined PAREF Group in 2019 as CEO of PAREF Gestion, to lead the development of the third-party asset management activities. Recognized for her leadership, Anne Schwartz began her career in asset management and real estate project management, then held different positions in fund management. She became Deputy CEO of AXA REIM SGP and member of the Executive Committee of AXA IM...

FINANCIAL INFORMATION AS AT SEPTEMBER 30, 2023 A consolidated revenue of €26.5 Mn, with significant increase in rental income but slowdown in subscriptions The consolidated revenue of PAREF Group amounted to €26.5 Mn as at September 30, 2023, decreasing by 18% compared to the same period in 2022, with the main variations explained by: Gross rental income reaching €6.7 Mn, increased by 26% compared to the same period in 2022. This increase is primarily related to the rental income from the...

First semester of 2023 backed by solid operational performance The Assets under Management continue to increase and exceed €3.0 bn as at June 30, 2023, +2% vs Dec 31, 2022 €189m for the Group's directly owned asset (-2% vs. Dec 31, 2022), €2,872m on behalf of third parties (+2% vs. Dec 31, 2022). A positive evolution of several indicators for the owned portfolio Net rental income up by 34%, reaching €4.2m in the 1 st semester of 2023, Financial occupancy rate of directly owned asset...

PAREF Group is launching the heavy refurbishment works of its Parisian asset located on Léon Frot street (in the 11th district). The building constructed in the 1980s, was acquired in 2016 by PAREF Group's SIIC after a bidding process lead by the City of Paris. After a rental operating period, PAREF teams undertook in-depth studies with the aim of repositioning this property, which no longer met current needs and standards in terms of comfort, energy performance and environmental quality. This...

The Annual Shareholder Meeting of PAREF was held on Wednesday, May 17 th , 2023 at the Group's headquarters in the 8 th district of Paris, presided by Mr. Antoine Castro. The meeting was an opportunity to present the 2022 results to the shareholders, to provide an update on business successes and to highlight future prospects, as well as the strengthening of ESG governance and the achievements in Corporate Social Responsibility. With a quorum of 79.80%, all the resolutions proposed by the Board...

FINANCIAL INFORMATION AS AT MARCH 31, 2023 Consolidated Revenue as at March 31, 2023 The consolidated revenues of PAREF Group reached €9.0M for Q1 2023, down compared to Q1 2022 - which included exceptional items - and structurally higher than in 2021 given the positive trend in underlying assets. This revenue consists of: Gross rental income of €2.1M, up +18%, mainly due to the new lease on The Go asset located in Levallois-Perret, which is now fully let; Gross management commissions...

The Universal Registration Document 2022 was filed with the Autorité des Marchés Financiers (AMF) on April 12, 2023. The Universal Registration Document includes notably: 2022 annual financial report, Board of Directors' report on corporate governance, Statutory Auditors' reports, Information on fees paid to the Statutory Auditors, and Information on social, environmental and societal responsibility. It can be consulted or downloaded from PAREF website ( www.paref.com ) in "Finance -...

PAREF reports another year of operational success in all its business lines PAREF Group's total turnover reached €41m in 2022, up by 40% compared to FY 2021 Assets under Management exceeded €3.0 bn as at Dec 31, 2022, +12% vs. Dec 31, 2021 EPRA Net recurring results up by 20% reached €4.9m (vs. €4.1m in 2021) EPRA Net Asset value (Net Reinstatement Value/NRV) per share is €128.0 per share, down by -1,5% vs. €130.0 per share as at Dec 31, 2022 Loan to Value ratio (LTV) [1] maintained...

PAREF Group announces the delivery of "The Go" office building in Levallois-Perret (Paris region). Completing an ambitious restructuring program initiated in 2019 and led by PAREF's Project Management and Asset Management teams, this new delivery confirms the Group's expertise in major restructuring and redevelopment projects. “The Go" building is granted HQE - BREEAM and meets the highest sustainability standards, with a special focus on tenants' well-being. With its ideal corner location,...

The positive trend of results remains strong to support PAREF Group's ongoing transformation As at September 30, 2022, the consolidated turnover of PAREF Group reached €32.3 M, up 55% compared to the same period in 2021. This revenue consists of: Gross rental income: €5.3 M (-10% vs September year to date 2021), decreasing mainly due to disposals in 2021 and 2022, Gross management commissions: €12.0 M (+48% vs September year to date 2021), with a significant increase thanks to investments...

Release Paris, September 7th 2022 PAREF is awarded a BPR Gold Award by the EPRA for the quality of its reporting For the fourth year in a row, PAREF Group sweeps a “Gold Award” for the adoption of EPRA Best Practices Recommendations (BPR), which are widely recognized industry standards for the highest level of transparency, comparability and compliance in financial reporting. The award comes as a recognition of the Group effort to provide the highest quality financial reporting and...