PAREF - Half-yearly report 2025: management adapted to current challenges

PAREF has published its half-year results for June 30, 2025. Assets under management reached €3.1 billion, a figure that has remained stable since December 2024. Proprietary activity shows a slight decline in assets to €180 million, with a temporary occupancy rate of 74%, linked to the marketing of the Tempo asset.

Third-party asset management, while stable at €2.9 billion, saw gross inflows decline by 26%. However, management fees rose by 3%, driven by Italian funds. David Aubin has been appointed Deputy Managing Director to strengthen growth.

PAREF sells certain non-strategic assets and obtains a permit for an ambitious project in Frankfurt. Despite declining operating results, the strategy remains focused on building a resilient portfolio.