Ryze (formerly Yard Reaas) acquires Solia Paref in France

Ryze - formerly Yard Reaas - an Italian company specialising in real estate consultancy and integrated management of real estate services, continues to grow through acquisitions abroad, announcing the acquisition of 100% of Solia Paref, a property management services company. The transaction represents the second acquisition in the French market and confirms the acceleration of the Group's internationalisation path.

Solia Paref, headquartered in Paris, is a real estate services company of the Paref Group, a leading European player in real estate investment and management. The company, which manages around 350 assets with a total value of more than 1.2 billion, is characterised by a strong focus on ESG issues.

The transaction, completed by the Ryze Group with the support of the AnaCap fund - the majority investor - follows the acquisition of Vsa Property in France just a few months later. In line with the strategic plan announced by the partners, Emanuele Bellani, Paolo Datti and Paolo Perrella, Ryze thus strengthens its presence in the French market, considered not only one of the most solid and liquid in Europe, but also a point of reference for major institutional investors with a medium to long-term vision.

"As proof of our desire for international expansion," explained Emanuele Bellani, Group CEO of Ryze, "this acquisition significantly strengthens our presence in France. By integrating the teams and skills of Solia Paref, we aspire to accompany the growth of our operating model and consolidate our position as a reference partner for institutional and corporate clients in Europe".

"This second acquisition in France," added Paolo Datti, deputy chairman and head of M&A at Ryze, "strengthens an already growing property management platform and enables significant economies of scale to be generated. The increase in volumes managed allows for greater operational efficiency and a better allocation of investments, with positive effects on overall profitability and the ability to support the development of the Group's other services".