Icade sells its consultancy and safety/security services subsidiary to its
PARIS -- April 10, 2013
Icade, in line with its strategy of refocusing on its developer-REIT
activities, announces the sale of its consultancy and safety/security services
The business, which recorded turnover of €7.7m in the 2012 financial year, has
been sold to its management, who intend to extend the range of services
offered by the company to other partners.
Icade is a listed real estate company, a subsidiary of Caisse des Depôts: an
investor, developer and service provider in private and public property.
Expertise in its different business lines enables Icade to provide
comprehensive, sustainable and innovative solutions that are tailored to
In 2012, Icade recorded consolidated turnover of 1,499.3 million euros and net
current cash flow of 251.4 million euros. At 31 December 2012, the re-valued
liquidation net asset value stood at 4,190.1 million euros or 80.7 euros per
Member of the executive committee, Responsible for Finance, Legal matters and
IT and for the Property Services Division
+33 (0)1 41 57 72 60
Head of Corporate and Financing, in charge of Investors Relations
+33 (0) 1 41 57 71 50
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