trending Market Intelligence /marketintelligence/en/news-insights/trending/pCQOQJ0i_oXYNif_o-nmdQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Icade confirms sale of 2 assets in Paris to French REIT for €145M

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Icade confirms sale of 2 assets in Paris to French REIT for €145M

Icade confirmed the sale of the Nanterre Seine business park and the Défense 3 building located in Paris' Nanterre district for a total price tag of approximately €145 million.

French REIT Société de la Tour Eiffel was the buyer of the two assets, with sales expected to be completed by the end of the year.

The assets have a total leasable floor area of 84,000 square meters. The business park contains office and business premises leased to about 60 tenants.

The sale is in line with the company's five-track strategic roadmap disclosed in November 2015, where it revealed its plans to optimize its business parks portfolio through divestments.

The REIT raised €140 million in a capital increase launched Nov. 25, and said it would channel proceeds toward partially financing the purchase of these Nanterre assets.