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Icade 
Real estate / REIT health care, offices, business parks, housing and public facilities
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Overview
Icade is a French real estate company, headquartered in Paris. It was founded in 1954 as a subsidiary of the French Development Agency (AFD) and became publicly traded on the Paris Stock Exchange in 2006. The company is primarily focused on commercial real estate, with a presence in office, business parks, retail, logistics and healthcare properties.
Icade has a strong presence in France, but also operates in other European countries such as Germany, Belgium, Spain and Italy. The company is also expanding globally, with investments in North America and Asia.
Icade’s business model is based on three pillars: real estate investment, property management and development. The company aims to create value for its shareholders and clients through sustainable and responsible real estate development.
In addition to its core real estate activities, Icade is also involved in renewable energy through its subsidiary Icade Energy, and offers a range of services in healthcare and social housing through its subsidiaries Icade Santé and Icade Promotion.
As of 2021, Icade has a workforce of approximately 1,383 employees and a real estate portfolio valued at €11.4 billion. The company is listed on the Euronext Paris stock exchange and is a member of the CAC Next 20 index.
Icade has a strong presence in France, but also operates in other European countries such as Germany, Belgium, Spain and Italy. The company is also expanding globally, with investments in North America and Asia.
Icade’s business model is based on three pillars: real estate investment, property management and development. The company aims to create value for its shareholders and clients through sustainable and responsible real estate development.
In addition to its core real estate activities, Icade is also involved in renewable energy through its subsidiary Icade Energy, and offers a range of services in healthcare and social housing through its subsidiaries Icade Santé and Icade Promotion.
As of 2021, Icade has a workforce of approximately 1,383 employees and a real estate portfolio valued at €11.4 billion. The company is listed on the Euronext Paris stock exchange and is a member of the CAC Next 20 index.
What is special about the company?
Icade is a French real estate company that specializes in urban development, manages commercial assets, and provides property investment services. Some unique aspects of Icade include:
1. Public-Private Partnership: Icade was founded in 1954 as a public-private partnership between the French government and private investors. This unique structure allows Icade to have a diverse portfolio of properties, from office buildings to healthcare facilities, and operate in various market segments.
2. Focus on Sustainable Development: Icade is committed to sustainable development and has integrated environmental, social, and governance criteria into its business strategy. It works towards reducing its carbon footprint, promoting green building practices, and investing in renewable energy projects.
3. A Key Player in France’s Grand Paris Project: Icade is a major player in the Grand Paris project, a massive urban development plan to transform and modernize the Paris metropolitan area. As part of this project, Icade is involved in the construction of housing, office spaces, and public amenities, contributing to the economic and social development of the region.
4. Innovative Real Estate Investments: Icade has a reputation for being innovative in its real estate investments. In recent years, the company has expanded into new fields such as student housing and healthcare facilities, demonstrating its ability to adapt to changing market trends.
5. Strong Financial Performance: Despite being a relatively small company, Icade has a strong financial performance with steady revenue growth and high profitability. It has also received favorable ratings from credit rating agencies, highlighting the company’s financial stability and reliability.
Overall, Icade’s unique approach to real estate, focus on sustainability, involvement in major projects, innovative investments, and strong financial performance make it a leader in the industry.
1. Public-Private Partnership: Icade was founded in 1954 as a public-private partnership between the French government and private investors. This unique structure allows Icade to have a diverse portfolio of properties, from office buildings to healthcare facilities, and operate in various market segments.
2. Focus on Sustainable Development: Icade is committed to sustainable development and has integrated environmental, social, and governance criteria into its business strategy. It works towards reducing its carbon footprint, promoting green building practices, and investing in renewable energy projects.
3. A Key Player in France’s Grand Paris Project: Icade is a major player in the Grand Paris project, a massive urban development plan to transform and modernize the Paris metropolitan area. As part of this project, Icade is involved in the construction of housing, office spaces, and public amenities, contributing to the economic and social development of the region.
4. Innovative Real Estate Investments: Icade has a reputation for being innovative in its real estate investments. In recent years, the company has expanded into new fields such as student housing and healthcare facilities, demonstrating its ability to adapt to changing market trends.
5. Strong Financial Performance: Despite being a relatively small company, Icade has a strong financial performance with steady revenue growth and high profitability. It has also received favorable ratings from credit rating agencies, highlighting the company’s financial stability and reliability.
Overall, Icade’s unique approach to real estate, focus on sustainability, involvement in major projects, innovative investments, and strong financial performance make it a leader in the industry.
What the company's business model?
Icade is a French real estate company that specializes in the development, investment, and management of office, residential, and healthcare properties. Its business model revolves around the acquisition, development, and management of real estate assets to generate income through rental and capital gains.
Icade focuses on three main activities:
1. Property development: This involves acquiring land, building new properties, and renovating existing properties for commercial, residential, and healthcare use.
2. Property investment: Icade invests in a diversified portfolio of properties to generate rental income and capitalize on potential capital gains.
3. Property management: The company manages its properties, including leasing, property maintenance, and tenant relationships, in order to optimize the value and profitability of its real estate assets.
In addition to its core activities, Icade also has a subsidiary that provides property services such as project management, asset management, and technical services.
The company’s business model relies on its in-depth knowledge of the real estate market, strong relationships with tenants and partners, and its ability to identify and capitalize on investment opportunities.
Icade focuses on three main activities:
1. Property development: This involves acquiring land, building new properties, and renovating existing properties for commercial, residential, and healthcare use.
2. Property investment: Icade invests in a diversified portfolio of properties to generate rental income and capitalize on potential capital gains.
3. Property management: The company manages its properties, including leasing, property maintenance, and tenant relationships, in order to optimize the value and profitability of its real estate assets.
In addition to its core activities, Icade also has a subsidiary that provides property services such as project management, asset management, and technical services.
The company’s business model relies on its in-depth knowledge of the real estate market, strong relationships with tenants and partners, and its ability to identify and capitalize on investment opportunities.
Interesting facts about the company
1. Icade was founded in 1954 as the real estate subsidiary of French insurance company Mutuelle Nationale des Fonctionnaires.
2. The company’s name, Icade, comes from the French acronym Investissements Commerciaux et Aménagements pour le Développement des Entreprises, which roughly translates to Commercial Investments and Developments for Enterprise Development.
3. In the 1970s, Icade became involved in the creation and development of shopping centers, including the famous Forum des Halles in Paris.
4. In the 1980s, the company expanded internationally and began developing real estate projects in Belgium, Spain, and the United States.
5. In the 1990s, Icade shifted its focus to the development of office buildings, commercial centers, and residential properties, with a particular emphasis on sustainable and environmentally-friendly construction.
6. In 2013, Icade became a publicly traded company on the Paris stock exchange, after years of being a subsidiary of various insurance companies.
7. Today, Icade is one of the leading real estate and property management companies in France, with a portfolio of over 10 million square meters of property, including office buildings, shopping centers, and residential buildings.
8. The company has also expanded into other sectors, including healthcare real estate, with a focus on developing and managing medical facilities and senior living residences.
9. Icade is committed to sustainability and has set ambitious environmental goals, such as achieving carbon neutrality for all its new constructions by 2030.
10. In addition to its real estate activities, Icade is also involved in philanthropic initiatives, particularly in the area of culture and heritage, through its Fondation Icade.
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2. The company’s name, Icade, comes from the French acronym Investissements Commerciaux et Aménagements pour le Développement des Entreprises, which roughly translates to Commercial Investments and Developments for Enterprise Development.
3. In the 1970s, Icade became involved in the creation and development of shopping centers, including the famous Forum des Halles in Paris.
4. In the 1980s, the company expanded internationally and began developing real estate projects in Belgium, Spain, and the United States.
5. In the 1990s, Icade shifted its focus to the development of office buildings, commercial centers, and residential properties, with a particular emphasis on sustainable and environmentally-friendly construction.
6. In 2013, Icade became a publicly traded company on the Paris stock exchange, after years of being a subsidiary of various insurance companies.
7. Today, Icade is one of the leading real estate and property management companies in France, with a portfolio of over 10 million square meters of property, including office buildings, shopping centers, and residential buildings.
8. The company has also expanded into other sectors, including healthcare real estate, with a focus on developing and managing medical facilities and senior living residences.
9. Icade is committed to sustainability and has set ambitious environmental goals, such as achieving carbon neutrality for all its new constructions by 2030.
10. In addition to its real estate activities, Icade is also involved in philanthropic initiatives, particularly in the area of culture and heritage, through its Fondation Icade.
See Company Due Diligence:
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