PAREF Continues its European Expansion in 2024

PAREF demonstrated notable growth in Europe in 2024 despite pressures on occupancy rates. The value of assets held stands at €186 million, marking a slight increase compared to 2023. However, the financial occupancy rate decreased to 75%, impacted by strategic vacancies.

The third-party asset management business was resilient, with assets under management reaching €2.9 billion, an increase of 4%. Management fee income increased by 17% to €18 million, although gross subscriptions fell to €34 million.

Strategically, PAREF renewed a lease in La Défense and launched SOLIA Paref, a property management subsidiary. For 2024, the Board of Directors proposes to maintain a dividend of €1.5 per share subject to approval. PAREF remains committed to its strategy of selective investment and sustainable transformation of its portfolio.