The Prelios Group: Profile
The Prelios Group is the gateway to Italy’s asset management, credit servicing and integrated real estate services market. It is one of Italy and Europe's leading alternative asset management and specialized real estate service providers, with +30 billion Euro in assets under management.
Fabrizio Palenzona is Chairman of the Prelios Group. Riccardo Serrini is the Group CEO.
Headquartered since April 2018 in the iconic building in Via Valtellina 15/17, Milan, the Prelios Group is an independent platform with a proven track record spanning the last thirty years. During this time, Prelios has built up a reputation as a genuine school for the best managers in the real estate sector.
Through its dedicated Business Units and high professionalism, the Prelios Group offers consolidated know-how and expert skills in asset management, credit servicing and integrated real estate services. Its unique services cover the full range of requirements in the real estate life cycle: asset management, investment management, due diligence, real estate advisory, valuation of individual properties and real estate portfolios, building, project & property management, real estate brokerage, investment funds and distressed asset management.
Prelios also works internationally, in Germany via a specialized organization in the commercial sector, and in Poland, in the management and evaluation of development opportunities.
Thanks to the quality of its employees and a highly qualified network of external consultants, the Prelios Group offers a complete range of services and expertise for management of property portfolios and deteriorated loans, working side by side with clients to develop tailor-made strategies and programs for each issue arising in the various sectors in which it operates. Through its market research team and cutting-edge proprietary software platforms, Prelios provides a precise, detailed vision of industry trends and growth forecasts to assist decision-making processes, investment strategy planning and the mitigation of risk.
In 2017, the Prelios Group reported an improvement in its key performance indicators:
- consolidated EBIT up 72% to 6.9 million Euro (€ 4.1 million in 2016)
- consolidated revenues up to 80.4 million Euro (€ 76.8 million in 2016)
- consolidated net income, not including the Investments arm, of 2.6 million Euro (loss of € 11.1 million in 2016)
- net financial position reflecting liquidity of 1.3 million Euro (debt of € 6.5 million at December 31, 2016).
Following the full public tender offer by Lavaredo S.p.A. (a newly established company designated by Burlington Loan Management, an Irish investment vehicle managed by Davidson Kempner Capital Management, a global player in alternative asset management), Prelios shares were delisted from Borsa Italiana's MTA market on May 14, 2018.
Ratings, certification and awards
Over the years, the Prelios Group's operating companies have obtained quality certification, impressive agency ratings and international awards, confirming their high quality standards, reliability and independence.
On March 15, 2018, in Cannes, the Prelios Group won the prestigious MIPIM Award for FICO Eataly World in Bologna, the world's largest agri-food park, developed under a financial program created by Prelios SGR with the PAI-Parchi Agroalimentari Italiani Fund, with the project management of Prelios Integra.
In 2017 Standard & Poor's and Fitch retained their positive ratings of Prelios Credit Servicing, as, respectively, "Above Average" and "RSS2 + / CSS2 +".
For two years running, a Prelios SGR fund was one of the winners of the European Property Investment Awards promoted by IPD (Investment Property Databank), in the category of “specialist fund with the highest yield in the last three years”, outperforming the sector benchmark.
The Prelios success story includes the LAGO shopping center in Konstanz, Germany, which in 2017 was once again awarded first place in the Shoppingcenter Performance Report Deutschland, repeating the successes of 2012, 2013 and 2014. In 2016 and 2017, LAGO also won the prestigious German Brand Award.
Prelios Group Press Office