Share price

€ 59.50
( -1.65 %)
05/27/2022-17:21

Share price

€ 59.50
( -1.65 %)
05/27/2022-17:21

Foncière PAREF announces two major operations in the Paris region

The PAREF Group continues to create value on its portfolio of assets held by the SIIC

The PAREF Group, through its SIIC, carries out an active management strategy despite the context and refocuses its real estate assets in the Paris region on strategic and growth activities.

Thus, the real estate company PAREF signed a three-party operation on the Tour Franklin, located in the business district of La Défense. Through this operation, the asset management teams support a partial release of the premises and at the same time sign a lease with a major subsidiary of a French banking group. 

At the same time, the SIIC finalized the sale – announced in the 1st quarter of 2021 – of an independent office building located in Gentilly, in the first ring of Greater Paris. 

These concomitant leasing and disposal operations allow the PAREF Group to strengthen its income and confirm the solidity of its balance sheet.

“We are delighted to announce the conclusion of major transactions, a sign of the PAREF Group's expertise and our ability to create long-term value for our shareholders and all of our partners. »

Antoine Castro - Managing Director Tweet