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Icade to sell office property for €35M

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Icade to sell office property for €35M

French real estate investment trust Icade subsidiary Icade Promotion SASU agreed to an off-plan sale of the 10,741-square-meter Le Landing office building in Blagnac, France, to Fonciere Inea SA for €34.9 million.

The property will have NF HQE certification for office buildings and comply with French Thermal Regulation 2012.

Icade Promotion will begin construction on the building in April 2020, which is expected to be completed in the first quarter of 2022.