PAREF Group Initiates Sale of Property Management Arm, SOLIA Paref

PAREF Group, a prominent European entity in real estate management, has commenced exclusive discussions for selling SOLIA Paref, its Property Management subsidiary. Launched in June 2024, SOLIA Paref oversees approximately 950 leases across 350 assets in France, covering diverse asset classes including retail, offices, logistics, senior housing, and hospitality.

PAREF's decision aligns with its strategy to concentrate on core operations: Fund Management, Investment, and Asset Management. This move aims to enhance PAREF's financial and operational focus, boosting long-term performance and profitability while maintaining service quality.

The consultation process with PAREF's Works Council began on December 17 to discuss this prospective transaction.