- CEO
- Nicolas Joly
- Full Time Employees
- 1,007
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- Open Building Issy-les-Moulineaux IF France 92130
- IPO Date
- Sep 12, 2011
- Business
- Icade SA (Ticker: CDMGF) is a French real estate investment and development company that invests in, develops, and manages commercial properties including offices, business parks, healthcare facilities, shopping centers, warehouses, light industrial spaces, and public sector buildings; it also develops residential housing, commercial properties, and urban regeneration projects. Founded in 1954 as the Société centrale immobilière de la Caisse des Dépôts and headquartered in Issy-les-Moulineaux near Paris, the company operates primarily in France with a strategic focus on the Paris region (including Greater Paris, La Défense, and Ile-de-France) and other major cities through 23 regional offices, serving institutional tenants, public authorities, social landlords, and private clients. Listed as a SIIC on Euronext Paris, Icade maintains a portfolio valued at €6.2 billion (as of June 30, 2025, 100% plus group share of joint ventures) and generates revenue from rental income, property sales, and development services, with key segments in property investment (offices at 88.8% occupancy for well-positioned assets, light industrial at 90.4%) and property development (2024 economic revenue of €1.2 billion). Its main shareholders include the Caisse des Dépôts group and Crédit Agricole Assurances, with subsidiaries and investments such as Arkadea and ANF Immobilier SA. Recent strategic changes include ongoing divestments of non-core assets totaling c. €430 million in disposals completed or under preliminary agreement through September 2025 (reducing healthcare exposure by c. €210 million via sales of Italian portfolio stakes for €173 million to BNPP REIM and Praemia Healthcare reductions totaling €36 million, plus €220 million in mature mixed-use assets like B&B hotels and the Mauvin business park); a July 2025 partnership with Nomad Campus for student housing development and operations; a February 2025 asset swap with Predica acquiring full ownership of a Lyon office property; strengthened liquidity at €2.6 billion via €290 million in revolving credit facilities, a €500 million green bond issuance, and €100 million in green mortgages; and improved ESG rankings (GRESB 92/100, Sustainalytics 9th among peers) alongside commitment to the Climate Change Adaptation Charter.