PAREF: directors' dealings · France · AMF

About PAREF

PAREF is a European real estate group listed on Euronext Paris under ticker PAR and ISIN FR0010263202, focused on long-term property investment and management. Founded more than 30 years ago, the company has evolved into an integrated real estate platform that combines proprietary investment activity with third-party asset management. Its business model is built around a 360-degree approach to the real estate value chain, covering property investment, fund management, renovation and development project management, asset management, and property management. PAREF positions itself as a sustainable real estate performance platform, with a strategy centered on recurring income generation, disciplined capital allocation, and the integration of ESG criteria into portfolio management. As of 2025, the group reported more than €3 billion of assets under management, with roughly two-thirds located outside France, highlighting its increasingly pan-European profile. Its geographic footprint is primarily France, Germany, Italy, and Switzerland, where the group can operate across multiple markets and asset classes. The owned portfolio has been streamlined as part of a broader refocusing and deleveraging strategy, while the third-party management business remains the main driver of recurring revenues. PAREF serves both institutional investors and retail clients through real estate investment vehicles and mandates, with recognized expertise in SCPI management and real estate funds. The group works across several property segments, including offices, retail, logistics, and increasingly healthcare-related assets, which management has identified as an area of strategic development. Recent milestones include ongoing portfolio transformation, the letting of new assets, selective disposals of non-core properties, and sustained emphasis on extra-financial performance. As a result, PAREF occupies a hybrid position between a property investment company and an asset-management platform, with growth more closely linked to assets under management, fee income, and management expertise than to balance-sheet ownership alone.