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.
● 33 operating office buildings (1)
● Assets are mainly located in the Paris region (2): 43 % in La Défense, 6 % in Paris, 30 % in Inner and Outer Rings, 18 % in Other Western Crescent, 3 % outside the Paris region
● With €4 bn, offices represent 41 % of total portfolio value
● 546,333 sq.m total floor area of operating assets
● Annual rental income of €166.2 m (3)
● Weighted average unexpired lease term at 5.9 years
● Occupancy rate of 95.8 %
● 153 tenants
● 85 % of office properties are HQE/BREEAM certified
● 60 % of office properties are equipped with charging stations for electric vehicles
Icade owns office buildings representing a total leasable floor area of 529,656 sq.m as of December 31, 2016. These assets are mainly located in Paris, La Défense, the Western Crescent and Villejuif.