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 20+ billion Euro in assets under management.
The Group is an independent platform with a proven track record spanning the last thirty years. During this time, Prelios has steadily built up a reputation as a genuine school for the best managers in the real estate sector.
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.
The Chair of the Prelios Group is Fabrizio Palenzona. The General Manager is Riccardo Serrini.
In the first nine months of 2017 – the most recent figures available – the Prelios Group reported a gradual improvement in all its key performance indicators. It confirmed its business growth with a 4% increase in consolidated revenues from the year-earlier period, to 53.2 million Euro at September 30, 2017. Consolidated EBIT was positive at 1.8 million Euro (against a break-even in the first nine months of 2016), thanks to higher business volumes at the Group Business Units, especially in Alternative Asset Management (fund & asset management and credit servicing). Alternative Asset Management operations, which combine the results of Prelios SGR and Prelios Credit Servicing, generated overall revenues of 20.0 million Euro, an improvement of 5.8%. Revenues from Italian and international Real Estate Services totaled 33.5 million Euro in the first nine months of 2017, up 4%. The Group had net financial debt of 3.8 million euro at September 30, 2017, an improvement from debt of 6.5 million euro at December 31, 2016.
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.
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. Thanks to 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.
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.
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 S.p.A. Press Office
Tel. +39 026281.4176