Paref announced on Tuesday that its real estate investment and fund management subsidiary, Paref Gestion, had surpassed the one billion euro mark in assets under management outside France, following an "important" year in 2022 in terms of acquisitions.

The real estate group states that more than 277 million euros have been acquired or received on behalf of the SCPIs it manages, enabling it, among other things, to reach the one billion euro mark in real estate assets under management, mainly in Germany but also in the Netherlands and Poland, by the end of 2022.

The company adds that it can look forward with confidence to 2023, which has got off to a good start, with new assets already under promise or in the process of exclusivity, despite an economic and geopolitical context still deemed uncertain.

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