PAREF – Financial information for the 3rd quarter of 2019

30 October 2019

FINANCIAL INFORMATION AS AT SEPTEMBER 30, 2019

 

Consolidated revenue

– The consolidated revenue of PAREF amounts to €28.2 Mn as at September 30, 2019, increasing by +7% compared to the same period of 2018.

– This performance is mainly explained by the asset management activity for third parties and the dynamic management of self-held assets with rents increased by 2.6% on a like-for-like basis, which offsets the negative impact of (i) the disposals of PAREF’s self-owned assets realized in 2018 and 2019, (ii) the launch of the redevelopment project of the asset located in Levallois-Perret and (iii) the end of subscription from the SCPI Novapierre Allemagne once having reached its maximum capital at the end of the first half of 2019.

 

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