- Business
- Paref S.A. Paref SA (PAR.PA) is a leading European real estate investment and management company that operates across the full value chain of real estate, including investment, fund management, asset management, project management, property management, restructuring and development; its core offerings encompass management of SCPI funds such as Novapierre 1 (commercial real estate in France), Novapierre Allemagne (commercial properties in Germany), Pierre 48 (residential under 1948 law in Paris), Interpierre France (commercial), Atlantique Pierre 1, Capiforce Pierre, and OPPCI funds like Vivapierre and Boétie 54, alongside direct investment through its SIIC vehicle, advisory services, and innovative property management via SOLIA Paref. Founded in 1997 and headquartered in Paris, France, the company manages approximately €3.1 billion in assets under management as of mid-2025, primarily focusing on offices, commercial spaces, residences, healthcare properties, and mixed-use developments targeting institutional and retail investors, with key operations in France (especially Greater Paris), Germany, Italy, and Switzerland. Recent developments include a strategic five-year management mandate with Parkway Life REIT for a €111.2 million portfolio of 11 nursing homes in France, appointment as asset and development manager for Italy's Fondo Broggi (owner of Milan's Medelan), launch of fund management activities in Italy, receipt of a building permit for the NAU! mixed-use project (34,800 sqm offices, hotel, gastronomy) in Frankfurt, Germany, securing a waiver on its ICR covenant from banking partners, €90 million in corporate financing, and expansion of SOLIA Paref for personalized property solutions, alongside ongoing ESG initiatives like the Create MORE strategy and sustainability-linked loans.