We bring the city to life - Icade is a company listed on the stock exchange, a subsidiary of the Caisse des Dépôts

Property strategy

Interview with Serge Grzybowski, Chairman and CEO of Icade

"Icade is now in a fantastic position to offer its clients bespoke solutions and provide them with long-term support in implementing their real-estate strategy".

The deed is done. Silic has joined Icade to create the leading office property company in Europe and a major player in Greater Paris

2013 was a year of achievements, of financial, operational and human successes, culminating in the merger with Silic and its social, cultural and asset integration.

Financially, we have demonstrated the relevance of our economic model and our investor strategy. With the success of the two bond issues we launched for €800 million and Icade Santé’s latest capital increase, investors’ confidence and interest have been confirmed this year by the award of a BBB+ rating for Icade by Standard&Poor’s.

Operationally, 2013 featured high-quality new tenants and lease renewals, confirming the effectiveness of the client and Key Accounts strategy we adopted since 2011. Diversity of its sales offering strategically-located sites in the major development areas of Greater Paris: Icade is now in a fantastic position to offer its clients bespoke solutions and provide them with long-term support in implementing their real-estate strategy. With a reinforced presence at the regional level in the leading business districts, the real-estate investment department has also confirmed itself as a partner in the development of major cities,able to deliver buildings as complete new parts of the city, including offices, housing and public facilities.

In human terms, 2013 was a year filled with challenges and victories. Successfull challenge for the Silic teams, firstly, with the opportunity for growth they gained by becoming part of our joint business. Victory for Icade employees, secondly, with the addition of new talents to their business lines. In addition to the obvious complementary skills and expertise of the 1,575 employees who are now this Great Icade, it was individual human and professional dedication which made possible the success of this merger.

More confident than ever in Icade’s unifying power, we are proud of what we have achieved and firmly believe in the new possibilities open to us in 2014.