Icade signed a 4.5-year lease with no break option with the Organising Committee for the Paris 2024 Olympic and Paralympic Games for the 28,860-sq.m Pulse office building located in Saint-Denis, in the Portes de Paris business park, directly next to the Front Populaire metro station.

This 7-storey, wood-framed building has obtained top environmental labels and certifications, namely HQE, BREEAM, BBCA (low-carbon building) and E2C1. It is part of a strategy to maximise the value of Icade’s Office Property Investment Division’s land bank, in line with its growth trajectory.

The lease will commence in 2020 and will have a positive impact of over 2% on the financial occupancy rate for Icade’s Office Property Investment Division.

The signing of this lease has allowed Icade to continue to expand its portfolio in northeast Paris. In addition, as soon as the necessary permits are obtained, Icade will start construction on the 18,000-sq.m Jump building, which includes 4,000 sq.m of hotel space, located next to the Pulse building on Place du Front Populaire.

Immeuble de bureaux "Pulse" sur le Parc Icade des Portes de Paris
Immeuble de bureaux "Pulse" sur le Parc Icade des Portes de Paris

Contact

Charlotte Pajaud-Blanchard

Press Relations Officer

Anne-Sophie Lanaute

Head of financial communication and investor relations