Paris Realty Fund

PAR

FR0010263202

Diversified REITs

Market Closed - Euronext Paris Other stock markets 11:35:13 2024-04-19 am EDT			5-day change	1st Jan Change
43 ^EUR	0.00%		-0.46%	-7.33%

2023	Paref: sustainable refinancing for 90 million euros	CF
2023	Paref: 'The Medelan' building in Milan 98% leased	CF

Paref : PAREF announces the refinancing of the Group

February 21, 2019 at 12:05 pm EST

PAREF announces the signature of the refinancing of the Group

PAREF Group announces the signature of a corporate financing of a total of €100 Mn today¹ to refinance the whole debt of the Group.

This financing is composed of a €30 Mn loan drawdown as from today² and a confirmed undrawn credit line of €70 Mn. It is a 5-year maturity financing with a margin of 145 bps over 3-month Euribor.

“Following the release of the 2018 full-year results showing a strong growth, we are delighted to announce the signature of this refinancing which will allow PAREF Group to significantly increase its investment capacity while decreasing the average cost of debt. We warmly thank our bank partners HSBC, Crédit Agricole Ile-de-France, Crédit Agricole Brie Picardie and Banque Populaire Rives de Paris, as well as the counsels (A&O and Wargny Katz for PAREF Group, Gide and 14 Pyramides notaires for the banks) for this operation and their trust in our strategy.“

Antoine Onfray - CFO

Financial agenda
April 25, 2019: Financial information as at March 31, 2019

About PAREF Group
PAREF operates in two major complementary areas: (i) Commercial and residential investments owned by SIIC PAREF primarily in corporate real estate in the Paris region (€138 Mn asset as at December 31, 2018) and (ii) Management on behalf of third parties via PAREF Gestion (€1,426 Mn funds under management as at December 31, 2018), an AMF-certified management company.

PAREF is a company listed on Euronext Paris, Compartment C, under ISIN FR00110263202 - Ticker PAR.
More information on www.paref.fr

Contacts

Antoine CASTRO
Chief Executive Officer

Antoine ONFRAY
Chief Financial Officer

info@paref.com
Phone: 01 40 29 86 86

Press Contact
Citigate Dewe Rogerson, Alexandre Dechaux
01 53 32 84 79
Alexandre.dechaux@citigatedewerogerson.com

¹ All existing debt and hedging have been terminated except financial leases on the assets located in Dax and Saint-Paul-Les Dax.
² With an indirect mortgage on Levallois asset owned by the company Polybail.

Regulated information
News releases under ongoing reporting obligations:
- General Company News

Full and original press release in PDF:
https://www.actusnews.com/documents_communiques/ACTUS-0-57256-2019-02-21-refinancing-pr_ve.pdf

Receive by email the next press releases of the company by registering on www.actusnews.com, it′s free

© 2019 ActusNews

Latest news about Paris Realty Fund

Paref: sustainable refinancing for 90 million euros	Dec. 07	CF
Paref: 'The Medelan' building in Milan 98% leased	Nov. 27	CF
Paref: two new acquisitions in Germany	Nov. 23	CF
Paref SA Reports Earnings Results for the Half Year Ended June 30, 2023	23-07-27	CI
Paref SA Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-16	CI
Paref SA Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-16	CI
Paref SA Reports Earnings Results for the Half Year Ended June 30, 2022	22-07-28	CI
An unknown buyer completed the acquisition of Office Property in Juvisy-sur-Orge from Paref SA.	22-07-26	CI
An unknown buyer acquired Office Property in Juvisy-sur-Orge from Paref SA.	22-07-26	CI
An unknown buyer agreed to acquire Office Property in Juvisy-sur-Orge from Paref SA.	22-04-27	CI
Real Estate Investor Paref Names CEO As New Chairman	22-04-07	MT
Inovalis Real Estate Investment Trust (TSX:INO.UN) acquired Gaïa office property in Nanterre from GA SAS and Paref SA for approximately €40 million.	22-04-06	CI
Inovalis Real Estate Investment Trust (TSX:INO.UN) completed the acquisition of Le Gaia.	22-03-27	CI
Inovalis Real Estate Investment Trust (TSX:INO.UN) entered in a purchase agreement to acquire Le Gaia for €40 million.	22-03-10	CI
Paref SA Reports Earnings Results for the Full Year Ended December 31, 2021	22-02-17	CI
An unknown buyer completed the acquisition of an office asset located in Gentilly from Paref SA.	22-01-16	CI
Paref Sa Reports Earnings Results for the Half Year Ended June 30, 2021	21-07-29	CI
An unknown buyer signed an agreement to acquire an office asset located in Gentilly from Paref SA.	21-04-26	CI
Paref Sa Reports Earnings Results for the Half Year Ended June 30, 2020	20-07-31	CI
Paref Sa Reports Earnings Results for the Full Year Ended December 31, 2019	20-02-19	CI
Paref SA and institutional investor indirectly held by Fosun Group completed the acquisition of six floors of Franklin tower in La Defense from 3 SCPI funds managed by BNPP Real Estate Investment Management France.	19-09-29	CI
Paref Sa Reports Earnings Results for the Half Year Ended June 30, 2019	19-07-31	CI
Paref SA and institutional investor indirectly held by Fosun Group agreed to acquire six floors of Franklin tower in La Defense from 3 SCPI funds managed by BNPP Real Estate Investment Management France.	19-07-30	CI
Paref Sa Reports Earnings Results for the Full Year Ended December 31, 2018	19-02-19	CI
Paref SA Announces Consolidated Earnings Results for the Year Ended December 31, 2017	18-02-13	CI

Chart Paris Realty Fund

Duration

Period

More charts

Company Profile

Paris Realty Fund (PAREF) is a leading European player in real estate management, with over 30 years of experience and the aim of being one of the market leaders in real estate management based on its proven expertise. Today, the Group operates in France, Germany, Italy, and Switzerland and provides services across the entire value chain of real estate investment: investment, fund management, renovation and development project management, asset management, and property management. This 360° approach enables it to offer integrated and tailor-made services to institutional and retail investors. PAREF is committed to creating more value and sustainable growth and has put CSR concerns at the heart of its strategy. At the end of 2022, the Group manages EUR 3 billion assets under management.

Sector

Diversified REITs

Calendar

2024-04-24 - Q1 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Sector Diversified REITs

	1st Jan change	Capi.
PARIS REALTY FUND	-7.33%	69.21M
W. P. CAREY INC.	-13.27%	12.3B
GECINA	-15.44%	7.34B
MIRVAC GROUP	+1.44%	5.37B
LAND SECURITIES GROUP PLC	-9.97%	5.28B
THE GPT GROUP	-10.56%	5.11B
ESSENTIAL PROPERTIES REALTY TRUST, INC.	-0.31%	4.58B
NOMURA REAL ESTATE MASTER FUND, INC.	-12.36%	4.41B
BRITISH LAND COMPANY PLC	-4.85%	4.38B
DAIWA HOUSE REIT INVESTMENT CORPORATION	+4.01%	3.93B