Icade — M&A Activity 2016

Jun 17, 2016

PRESS RELEASE

Paris, 17 June 2016

ICADE: ACQUISITION OF A PORTFOLIO OF 4 HEALTHCARE ESTABLISHMENTS AND SIGNING OF A PRELIMINARY PURCHASE AGREEMENT FOR AN OFFICE BUILDING

Acquisition by Icade Santé of a portfolio of 4 healthcare establishments valued at 57 million euros from private investors

On 14 June, Icade Santé, which is 56.5% owned by Icade, acquired a property portfolio comprising 4 medium-term care facilities operated by Ramsay Générale de Santé (the leader in the French private hospital industry):

• The "Chalonnais" follow-up and rehabilitation care establishment in Châtenoyle-Royal (Saône-et-Loire or department No. 71);
• The "Pont de Gien" private psychiatric hospital in Gien (Loiret or department No. 45);
• The "Océane" private psychiatric hospital in Le Havre (Seine-Maritime or department No. 76);
• The "Ronsard" private psychiatric hospital in Chambray-les-Tours (Indre-et-Loire or department No. 37).

These establishments are under leases with no break clauses for an average term of 9.2 years. The net initial yield of these acquisitions is in line with market average.

With this deal, Icade Santé continues to expand and consolidate its position as the leader in healthcare real estate, with a portfolio of 95 assets including 4 under development.

Signing of a preliminary purchase agreement for an office building in Gentilly

Icade announces the signing of a preliminary agreement to purchase a fully-leased office building located in Gentilly, next to the Paris ring road, from an investment fund managed by OREIMA, formerly known as Ofi Reim. OREIMA is a company specialising in real estate investment and managing over a billion in assets.

This building, which has a true value creation potential, extends to a floor area of 13,000 m² and benefits from excellent visibility.

The final acquisition, for about 50 million euros, is expected to take place in Q3 2016.

ABOUT ICADE

Icade is a French listed real estate investment company (SIIC), a subsidiary of Caisse des Dépôts and a major player in Greater Paris and territorial development. As a key integrated property player, Icade is capable of providing comprehensive, sustainable and innovative solutions that are tailored to customer needs and to the challenges of tomorrow's cities. As of 31 December 2015, it recorded EPRA Earnings of €273 million and its EPRA triple net asset value (NNNAV) stood at €5,383 million, i.e. €73.1 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	Charlotte Pajaud-Blanchard, Press relations manager
	Tel: +33 (0)1 41 57 71 61	Tel: +33 (0)1 41 57 71 19
	guillaume.tessler@icade.fr	charlotte.pajaud-blanchard@icade.fr