Office Property Investment: spotlight on the development pipeline
o Pipeline as of September 30, 2018: €2.2bn (over 400,000 sq.m)
o Expected value creation: c. €600m1
o c. 30%2 of additional rental income expected from the development pipeline
o Development pipeline funded through disposals of mature assets
Healthcare Real Estate: heading towards international markets
o Ambition to create the leading European platform dedicated to healthcare real estate o First international transaction announced in Italy: 7 nursing homes for €112m
o 5-year, €1.5bn plan for European expansion
Property Development: revenue potential
o Projects representing potential revenue of about €5.5bn to be recorded over the next 5 years
o A project pipeline3 for Icade’s Office and Healthcare Investment Divisions totalling 261,000 sq.m
2018 Guidance: confirmed
Icade confirms its guidance for annual growth in Group net current cash flow: it is still expected to grow by more than 7% compared to 2017 restated Group net current cash flow4 (6% compared to 2017 reported Group net current cash flow).
UPCOMING EVENTS
2018 Full Year Results: Monday, February 18, 2019, before the market opens.
