Icade SA is a real estate operator that designs, constructs and manages buildings and real estate services, serving both as an investor in offices and healthcare facilities and as a developer of housing, offices, and general facilities.
The company’s portfolio of office buildings in Île-de-France and other main French metropolitan areas, healthcare real estate and business parks and hubs was worth €11.7 billion as of June 2019.
Icade Santé is a subsidiary of Icade focused healthcare real estate. Icade Santé holds a portfolio of 115 healthcare facilities, representing €4.5 billion in assets. The subsidiary signed a framework agreement with the Korian group to build 16 new facilities for €175 million to be delivered by 2023 in France.
Icade is listed on the Euronext Paris. The company’s financial results for the third quarter of fiscal 219 include a reported increase of 1.7% in office property rental income and an increase of 10.5% in healthcare property rental income on a like-for-like basis. Add this instrument to your portfolio and trade ICAD.PA.