Property developer for all your real estate projects
A full-service French property development company, Icade works in close collaboration with local authorities thanks to its 19 local offices. Its expertise in all phases of the real estate value chain enables Icade to meet its customers’ every need. Icade develops commercial and residential projects, large-scale public amenities and healthcare facilities, while putting into practice its expertise in the field of urban planning.
- A major property developer in the commercial segment ;
- One of the highest scoring in CSR by GRESB in 2016 ;
- National coverage with 19 locations in France ;
- Exclusive property developer of the Commercial and Healthcare Property Investment Divisions working in synergy with them ;
- Since 2006, Icade has accounted for 100,000 sq.m/year on average in the office market; it has a residential land portfolio of more than €2.2 bn ;
- A backlog of €1,162 million, rigorous in terms of CSR: HQE® certification for 100 % of office units and 35 % of housing units by 2018 ; customer satisfaction index: +33 % between 2015 and 2018.
Icade works in close collaboration with investors, users and local authorities to actively participate in urban planning and develop residential, commercial and public facilities in the French cities and regions.
In 2018, economic revenue rose by +7.8% to €1,251 million. This performance, mainly driven by the residential segment (+11.3%), reflects the significantly faster pace of housing sales (6,346 units in 2018 vs. 5,510 units in 2017, i.e. +15.2%) and construction starts (6,086 units in 2018 vs. 4,692 units in 2017, i.e. +29.7%) in the second half of the year
In the commercial segments, Icade deepens the synergies between its property development and property investment activities, while further developing its relationships with external investors.
Icade’s environmental commitments combine a strict property certification policy, ambitious goals for the reduction of energy consumption and a clear desire to improve people’s quality of life in situ , by paying particular attention to projects’ location and additional services. As part of its sustainable development policy, Icade now holds the French NF HQE ® certification for both its commercial and residential segments throughout France.
The Property Development Division’s business activities are conducted through its wholly-owned subsidiary Icade Promotion (and its subsidiaries). The Residential and Commercial segments account for two-thirds and one-third of the division’s revenue, respectively. This reflects Icade Promotion’s positioning as an all-around player in property development throughout Metropolitan France and its overseas departments and territories.
The Residential segment not only involves new development projects for multi-family buildings, but also student and senior residences.
The Commercial segment covers property development for third parties in Offices and Hotels, in Healthcare (private clinics, nursing homes [EHPAD], medical centres) as well as Delegated Project Management, especially for the Commercial and Healthcare Property Investment divisions, for which Icade Promotion is the exclusive property developer.
The portfolio of residential land and building plots represented 11,638 units and potential revenues of €2.5 billion.
Icade Promotion continued to develop projects in synergy with the Commercial and Healthcare Property Investment divisions. For example, the Property Development and Commercial Property Investment divisions won two joint bids, one in Toulouse (Latécoère project) and the other in Paris (Poissonniers project). In both cases, in addition to those developed for the Commercial Property Investment Division, the Property Development Division will develop buildings to sell them to third parties—830 housing units in Toulouse and an 84-room hall of residence with common areas in Paris.