Icade: The latest figures, news and market research on Icade

Turnover: 1.52 billion EUR (2019)

Country: France

Founded in 1954, the French company Icade is a specialist in real estate development.

Its activities cover both residential and commercial real estate. Icade has 18 offices throughout France.

Icade is seeking to develop digitally, which has resulted in a broad plan to train its employees in digital tools (70% of employees in 2016). The company also makes innovation accessible to its employees through the Hub Icade.

News

Real estate: Icade to convert part of its offices 19/02/2024

- In 2023, Icade booked almost 5,300 housing reservations, down 12.6% on 2022.
- Block sales to institutional investors and social landlords accounted for over 60% of the total, or around 3,600 lots.
- Icade was able to maintain its sales in property development at nearly 1.3 billion euros.
- Icade signed leases for 243,000 square meters of office and business space - for a total portfolio of 1.8 million m2, up 20% on 2022.
- Rental income amounted to 364 million euros (+2.2% on a like-for-like basis).
- The valuation of Icade's portfolio has been revised downwards by 17.5% compared with the end of 2022, to 6.5 billion - including 5.3 billion in offices.
- Icade plans to diversify further, targeting business premises, student residences and data centers as a priority.
- Icade has begun to withdraw from clinics and nursing homes, and has already recouped 1.45 billion euros

Real estate: Icade to review its office portfolio 25/07/2023

Three-quarters of Icade's office assets are adapted to address issues of centrality, flexibility and the environment
The sale of around two-thirds of its healthcare real estate assets to Primonial REIM raised Icade around 1.4 billion euros