(Boursier.com) — The PAREF Group, through its SIIC, is continuing to transform its real estate assets in the Paris region by refocusing it on strategic and growth activities. Despite the health context which may have impacted large-scale operations in the sector, the PAREF Group was able to carry out its strategy of active management of its assets and thus fully benefit from the rebound expected at the end of the crisis.
With this in mind, PAREF is signing a three-party operation during the 4th quarter of 2021, on a high floor of the Franklin Tower, located in the La Défense business district in Puteaux. Through this operation, the asset management teams support one of their tenants in the partial release of the premises and at the same time sign a lease with a major subsidiary of a French banking group. This operation makes it possible, without impacting the financial occupancy rate, to increase the residual period of the
the asset while maintaining a market rent.
At the same time, following significant valuation work carried out by the management teams, the SIIC finalized the sale – announced in the 1st quarter of 2021 – of an independent office building located in Gentilly, in the first ring of Greater Paris. . This building was acquired by the Center Hospitalier Vétérinaire Frégis, on the advice of Rapleys LLP, and is the subject of a very ambitious project to make Frégis the largest and most innovative veterinary hospital in its category.
These concomitant leasing and disposal operations allow the PAREF Group to strengthen its income and confirm the solidity of its balance sheet. We are delighted to announce the conclusion of major transactions, a sign of the PAREF Group’s expertise and our ability to create long-term value for our shareholders and theall of our partners.
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