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Icade closes €99M sale of Paris HQ

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Icade closes €99M sale of Paris HQ

Diversified real estate investment trust Icade completed the disposal of its headquarters in Paris to an undisclosed major French institutional investor for €98.8 million, excluding duties.

Icade will lease back the 9,200-square-meter Open building, in Issy-les-Moulineaux in the southwestern suburban area of France's capital.