Office segment in the Paris region: the cornerstone of Icade’s Commercial Property Investment business
"Tour PB5" à Paris-La Défense.
Icade carries out investment activities in the office real estate segment in the most appealing cities in the Paris region. The offices owned by Icade are unique, eco-friendly locations. They are home to well-known tenants.
● 68 operating office buildings (1)
● Assets are mainly located in the Paris region (2): 45 % in La Défense and surroundings, 11 % in Paris, 14 % in Inner and Outer Rings, 14 % in Other Western Crescent, 11 % outside the Paris region following the acquisition of the ANF Immobilier portfolio
● With €4.9 bn, offices represent 55 % of total portfolio value
● 708,000 sq.m total floor area of operating assets
● Annual rental income of €207.0 m (3)
● Weighted average unexpired lease term at 5.7 years
● Occupancy rate of 95.3 %
● 265 tenants
● 85 % of office properties are HQE/BREEAM certified
● 60 % of office properties are equipped with charging stations for electric vehicles
On a 100% basis(1) Excluding public-private partnerships and assets under preliminary purchase agreements(2) Based on estimated market value, on a 100% basis(3) IFRS annualised rental income including ANF (excluding hotels)