Arkadea intends to position itself as a unique developer, committed to meeting the real estate needs of both local authorities and their communities in a responsible and innovative way.
Arkadea will draw on the values of proximity, local development and on its shareholders’ respect for the environment to provide innovative solutions in the property development market.Arkadea is the culmination of a partnership between Icade and Poste Immo since 2009, which had already enabled several high-quality real estate developments to get off the ground, (Le Panoramic in Lyon Croix Rousse or Urban Quartz, an office building located in the EuroRennes development zone, …).
The new Arkadea entity, 50% owned by each of the companies, is now up and running and will autonomously carry out both residential and commercial development projects all over France. These projects will be developed based on a common set of standards and an equal and joint contribution of land and assets. Arkadea should also grow through the acquisition of land and the completion of development projects.To kick off Arkadea’s business, several new projects are currently being designed representing more than 1,400 housing units (Hôtel des Postes in Asnières, Les Girondins development zone in Lyon, Reims Boulingrin, etc.) with a sales forecast of €200 million within 3 years.
For Rémi Feredj, Managing Director of Poste Immo and Real Estate Director of the La Poste group, “the aim of this venture is to maximise the value created by the La Poste group’s property and land portfolio in order to reinvest the profit in new postal service projects and develop synergies with its different divisions and subsidiaries (La Banque Postale, digital products and services, social housing with the social landlord of Poste Toit et Joie, ...).”
For Olivier Wigniolle, Icade’s CEO, “this partnership should allow Icade to showcase its expertise as a property developer to a major real estate owner and step up the implementation of Icade Promotion’s roadmap by growing its business and accelerating its development”.
