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Icade — M&A Activity 2016
Dec 20, 2016
1424_iss_2016-12-20_fa4dfbd6-ca50-4689-b965-1f2885174eda.pdf
M&A Activity
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Paris Paris, Tuesday, 20 December 2016
ICADE CONFIRMS THE DISPOSAL OF THE NANTERRE SEINE BUSINESS PARK AND THE DEFENSE 3 BUILDING
Following the preliminary agreement signed at the beginning of October 2016, Icade has today successfully sold to Société de la Tour Eiffel its Nanterre Seine business park (excluding the Axe Seine building) and the Défense 3 building located in Nanterre for a total amount of around €145 million.
In line with its strategic roadmap, Icade is refocusing on its most important business parks, one of its priorities for 2016.
ABOUT ICADE
As a French listed real estate investment company (SIIC) belonging to the Caisse des Dépôts Group, Icade is a major player in Greater Paris and territorial development. Icade is a key integrated property player able to provide comprehensive, sustainable and innovative solutions that are tailored to customer needs and to the challenges of tomorrow's cities. As at 30 June 2016, it recorded EPRA Earnings of €136.1 million, a net current cash flow of €145.9 million, and an EPRA triple net asset value (NNNAV) of €5,473.6 million, i.e. €74.2 per share.
The text of this press release is available on the Icade website: www.icade.fr.
CONTACTS
Guillaume Tessler, Head of financial communication and investor relations Tel : +33 (0)1 41 57 71 61 [email protected]
Charlotte Pajaud-Blanchard, Press relations manager Tel.: +33 (0)1 41 57 71 19 [email protected]