Ambition

The 2019–2022 strategic plan

This plan reflects Icade’s ambition. It is based on four priorities:

• To be the leader in office space in the Greater Paris area and in the major French regional cities

  • Focus on growth and the realisation of the value creation potential
  • Faster development and/or extraction of value from the land bank
  • Opportunistic asset rotation
  • Increased selectivity of portfolio assets
  • More diversified, more service-oriented office solutions

• To be the leader in healthcare real estate in Europe

  • Ambition to create a leading European platform dedicated to healthcare real estate
  • Continued growth of Icade Santé in France and diversification into the nursing home sector
  • International expansion by investing in Continental Europe (25% to 30% of Icade Santé’s portfolio)  
  • Liquidity of Icade Santé by 2020/2022

• To be a reference player in real estate development

  • Exposure maintained below 10% of Icade’s equity and a target ROE of 15%
  • Expansion in office property development
  • Contribution to Group NCCF (net current cash flow) above 10% over the course of the plan
  • Potential opportunities to be seized in asector undergoing significant changes

• To be best in class in CSR and innovation

  • 5 CSR priority issues: climate change; biodiversity; materials reuse; territorial cohesion and inclusion; employee engagement, agility and collaboration. 2019 CSR priority: low-carbon
  • 3 innovation priorities: data, services for our customers andlocal development