Paris-listed property fund investment and management group Paref said on Thursday it has signed an agreement to buy a portfolio consisting of eight Belambra holiday resorts for a total EUR 125 mln. The company said it is acquiring the properties via a lease-purchase. The assets will be transferred to Paref's new OPCI investment vehicle, Vivapierre. Paref, which was licensed by the AMF to operate OPCIs in February, plans to retain about 25% of Vivapierre. The launch of the investment vehicle is expected to take place in the first half of 2008.
Premium subscriber content – please log in to read more or take a free trial.
