PAREF announces the acquisition of an asset management platform in Italy leading to an asset under management above 2 billion euros
PAREF Group announces a main step in its international expansion with the acquisition signed today through its subsidiary PAREF Investment Management, of an asset management platform based in Italy from Fosun Group.
This platform is currently managing the refurbishment of the asset « The Medelan » located in Milan for the account of Fidelidade insurance company. This mix-used asset of ca. 55,000 sqm is located in the historical inner city of Milan and will offer the best in class standards in particular from an environmental point of view with a Leed Platinium certificate.