Icade Overview
Pro stress-test →Icade SA is a multinational real estate investment trust (REIT) headquartered in Issy-les-Moulineaux, Paris, France. It is both a commercial real estate company with assets of EUR 6.1 billion and a property developer with 2025 net sales of EUR 1.1 billion. Icade is the leading commercial real-estate company for offices and business parks in the Ile-de-France region and the largest REIT in France's healthcare sector.
Strategic Profile
Pro stress-test →Icade operates throughout France with a portfolio worth €6.2bn and 2024 economic revenue of €1.2bn. The company has made climate issues and the preservation of biodiversity central to its business model to reinvent real estate and contribute to more sustainable cities. It invests in various types of properties including health care, offices, business parks, housing and public facilities.
Competitive Landscape
Pro stress-test →Icade is one of the largest property businesses of France, competing in the French REIT market with a focus on offices, business parks, and healthcare properties. Primary competitors include other European real estate players such as Gecina and Klépierre in the French market. The company's dominant position in Île-de-France office and business park segments provides competitive advantages, though recent analyst downgrades suggest market concerns about European real estate valuations.
Industry Context
Icade operates in Real Estate Investment Trust (REIT) & Commercial Property Development.
Key facts
Founded: 1954 · Headquarters: Issy-les-Moulineaux, Paris, France · Revenue: EUR 1.1B (2025)