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Icade

#4933

Rank

$1.75B

Marketcap

FR France

Country

Icade
Leadership team

Mr. Olivier Wigniolle (MD & CEO)

Ms. Victoire Aubry (Head of Fin., IT & Work Environment)

Ms. Sophie Duval (Head of Consolidation & Accounting)

Products/ Services
Real Estate
Number of Employees
1,000 - 20,000
Headquarters
Paris, Ile-de-France, France
Established
1860
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
ICAD.PA
Social Media
Overview
Location
Summary
As an investor and a developer, Icade is an integrated real estate player that designs innovative real estate products and services adapted to new urban lifestyles and habits. By placing corporate social responsibility and innovation at the core of its strategy, Icade is closely involved with stakeholders and users in the cities?local authorities and communities, companies and employees, institutions and associations. As an office and healthcare property investor (portfolio value of ?11.6bn as of 06/30/2020 on a proportionate consolidation basis) and as a property developer (2019 economic revenues of nearly ?1bn), Icade has been able to reinvent the real estate business and foster the emergence of tomorrow's greener, smarter and more responsible cities. Icade is a significant player in the Greater Paris area and major French cities. Icade is listed on Euronext Paris as a French Listed Real Estate Investment Company (société d'investissement immobilier cotée, SIIC). Its leading shareholder is the Caisse des dépôts Group.
History

Société Centrale Immobilière de la Caisse des dépôts was founded in 1954 as a subsidiary of Caisse des dépôts et consignations. The company was a housing construction project owner in France, and was particularly active in the Paris region. During the 1950s and 1960s, it worked with a number of architects to build housing at Sarcelles , Créteil, Mourenx, Épinay-sur-Seine and Gagny. It was not until the 1980s that it started investing in non residential/public properties. By the end of the 1980s it owned around 200,000 rental homes.SCIC was renamed Icade SA in 2003, and its capital opened up to external shareholders.The initial public offering of Icade at the Euronext Paris on 12 April 2006 was valued at €2,64 billion.Icade gained SIIC eligibility in 2007 after combining many of its subsidiaries.

Since 2007, Icade has been gradually selling its housing real-estate assets and service activities, to focus on tertiary sector real-estate.In 2009, the French government considered Icade as a potential "asset in the strategic investment fund that will be key to reviving France's economy". However, this did not ultimately come to pass. In late 2009, Icade acquired Compagnie la Lucette from Morgan Stanley.On November 13, 2009 Icade sold about 4745 housing units to a group of 25 social housing investors representing another company SNI. That move brought the number of residential units sold or committed for sale in late 2009 to early 2010 up to 29,452. The value of assets divested adds up to about €2 billion.In the summer of 2010 Icade reached an agreement with MVRDV to develop part of France's first Eco-quarters, a residential complex made up of low energy buildings a first for France.Icade and Silic merged on 31 December 2013. Since the merger, the new company has divested a number of assets in order to finance new construction projects and acquire more assets outside of France.On February 17, 2015, Chairman and CEO of Icade, Serge Grzybowski, resigns. Icade SA appoints Jean-Paul Faugere as Chairman of the Board of Icade and Nathalie Palladitcheff as Chief Executive Officer on a temporary basis.In April 2017 the Icade subsidiary Santé acquired a polyclinic in southwest France and a reception center in Saint-Germé for 52 million euros in total.In 2017 Icade acquired ANF for 400 million euro. The merger into Icade was completed on 29 June 2018.In December 2018 Icade sold their main office in Issy-les-Moulineaux for 100 million euro. They continue to occupy the building as a tenant.In 2018 Icade bought several retirement homes for 100 million euro in Italy. In 2019 it acquired 19 long-term care homes in Germany.

Mission
High quality focus on property investments, services & development, creating value for our customers and shareholders.
Vision
To be the leading European real estate player, offering a uniquely integrated platform and providing specialized services tailored to customers’ needs.
Key Team

Ms. Marianne de Battisti (Head of Institutional Relations & Group Communication)

Jean d'Aillières (Head of Investor Relations)

Mr. Marc le Blanc (Head of HR)

Ms. Anne-Sophie Lanaute (Head of Financial Communication & Investor Relations)

Mr. Jérôme Lucchini (Gen. Sec. and Head of Governance, Legal Insurance & Department)

Mr. Laurent Poinsard (Head of Audit, Risk, Compliance & Internal Control)

Ms. Emmanuelle Baboulin (Head of the Commercial Property Investment Division)

Recognition and Awards
Icade is one of the most awarded real estate investment trust in France, with the “Silver Trophy” in the “REITs of the year” in 2018. It has also been awarded for its CSR commitments, and for its innovative approach to office construction, earning the “Global Building Award 2018”.
References

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Icade
Leadership team

Mr. Olivier Wigniolle (MD & CEO)

Ms. Victoire Aubry (Head of Fin., IT & Work Environment)

Ms. Sophie Duval (Head of Consolidation & Accounting)

Products/ Services
Real Estate
Number of Employees
1,000 - 20,000
Headquarters
Paris, Ile-de-France, France
Established
1860
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
ICAD.PA
Social Media