Paris, France, November 27, 2017

Gecina signs a preliminary agreement with Icade to sell the Ponant D building

 

Gecina has signed a preliminary sales agreement with Icade for building D in the “Le Ponant” complex in Paris’ 15th arrondissement for €55.5m including commissions and fees. The sale is expected to be completed before the end of the year.

This building, with nearly 5,800 sq.m of space, is fully occupied by an outstanding tenant.

For Icade, this asset completes a real estate complex close to 22,000 sqm of space acquired in 2016.

For Gecina the sale of this building, from Eurosic’s portfolio, under conditions aligned with the Group’s requirements, is part of the divestment plan announced when Eurosic was acquired”.

Building for every future

As an investor and a developer, Icade is an integrated real estate player which designs innovative real estate products and services adapted to new urban lifestyles and habits. By placing corporate social responsibility and innovation at the core of its strategy, Icade is closely involved with stakeholders and users in the cities— local authorities and communities, companies and employees, institutions and associations… As a commercial and healthcare property investor (portfolio value of €9.9bn as of 06/30/17) and as a property developer (2016 economic revenues of €1,005m), Icade is able to reinvent the real estate business and foster the emergence of tomorrow’s greener, smarter and more responsible cities. Icade is a significant player in the Greater Paris area and major French cities. Icade is listed on Euronext Paris as a French Listed Real Estate Investment Company (SIIC). Its leading shareholder is the Caisse des dépôts Group.

The text of this press release is available on the Icade website: www.icade.fr

 

ICADE CONTACTS

Guillaume Tessler

Head of financial communications and investor relations 

Tel.: +33(0)1 41 57 71 61

guillaume.tessler@icade.fr

 

Charlotte Pajaud-Blanchard

Press relations manager

Tel.: +33(0)1 41 57 71 19

charlotte.pajaud-blanchard@icade.fr 

 

 

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