FR / IN Reception Paref Group Patrimony Governance News Finance Contact Newsletter PAREF (Paris Realty Fund) , founded in June 1997 by Hubert Lévy-Lambert, aims to build up a diversified portfolio of commercial and residential buildings, mainly in Île-de-France, but also in the provinces, and abroad. PAREF went public in 2005 and in 2006 opted for the tax regime for SIICs (listed real estate investment companies). It has formed two main sectors of activity: direct investment and management on behalf of third parties. Direct investment: Paref invests in commercial buildings (offices, business premises, etc.) in the Paris region or in the provinces, selected according to the length of the leases and the quality of the tenants. These investments currently consist of 41 buildings. Paref also invests in the residential sector, but only to date within the framework of temporary usufructs, which at December 31, 2015 relate to 4 residential buildings. Management on behalf of third parties: Paref Gestion, a management subsidiary of Paref approved by the Autorité des Marchés Financiers as a portfolio management company, manages 6 SCPIs: Interpierre France, SCPI of offices and business premises; Novapierre 1, SCPI of store walls; Pierre 48, SCPI of occupied housing; Capiforce Pierre, diversified SCPI; Novapierre Germany, SCPI invests in commercial real estate in Germany and since the start of 2016, SCPI Atlantique Pierre 1, which invests in commercial real estate remains diversified. It also manages 3 OPPCIs invested in tourism, leisure and business real estate. Ancillary activities: Parmarch, a subsidiary of Paref, operates as a property dealer and buys residential buildings as opportunities arise for resale at retail. ReceptionLegal NoticeSitemapContact © 2013 Paref - All rights reserved Designed and produced by Actusnews

FR / IN Reception Paref Group Patrimony Governance News Finance Contact Newsletter Responsible investment The PAREF Group is convinced that it is necessary to integrate social and environmental issues into its activities today in order to grow and prosper in the long term. As such, the Group is committed to a policy of upgrading its portfolio. Its flagship investment, GAIA, certified HQE ®, its new organization in terms of Sustainable Development , show that Corporate Social Responsibility is an integral part of the ambitions of the PAREF Group. Find out more (PAREF GROUP REPORT ON CORPORATE SOCIAL RESPONSIBILITY - 2015 financial year) ReceptionLegal NoticeSitemapContact © 2013 Paref - All rights reserved Designed and produced by Actusnews