In June 2019, Pareto Limited, a leading South African real estate investment company, acquired a 25% stake in Atterbury Europe, marking a significant step in its global expansion strategy. This investment enabled Pareto to diversify its portfolio beyond South Africa, gaining exposure to high-growth European markets and reducing concentration risk.
Atterbury Europe, established in 2014, is a real estate development and investment company focused on premium retail and commercial properties across Europe, including Romania, Cyprus, and Serbia. The company holds key assets such as the Mall of Cyprus and the Mall of Engomi, both of which are major retail destinations.
In April 2024, Pareto and Atterbury Europe restructured their partnership, with Pareto converting part of its debt exposure into direct ownership of the Mall of Cyprus and the Mall of Engomi. This strategic move not only strengthened Pareto’s position in the European property sector but also helped Atterbury Europe deleverage its balance sheet for future growth.
Pareto’s investment underscores its commitment to long-term value creation and global expansion, positioning the company as a key player in the international real estate market.