ICADE (EPA:ICAD) - ARKADEA, POSTE IMMO AND ICADE BEGIN CONSTRUCTION ON 182 HOMES IN THE RUNGIS BUSINESS PARK

Transparency directive : regulatory news

17/06/2019 17:45

PRESS RELEASE
Issy-les-Moulineaux, June 17, 2019

  ARKADEA, POSTE IMMO AND ICADE BEGIN CONSTRUCTION ON 182 HOMES IN THE RUNGIS
                                 BUSINESS PARK

On June 14, Jean-Pierre Matton, Chairman of ARKADEA, Rémi Feredj, CEO of Poste
Immo and Olivier Wigniolle, CEO of Icade, broke ground on EXPANSION, a 182-unit
residential project in Icade's Orly-Rungis business park, in the presence of
Raymond Charresson, Mayor of Rungis.

EXPANSION is a 182-unit residential project carried out by ARKADEA, a property
development company formed by Icade and Poste Immo in 2017, on land owned by
Icade in its Rungis business park.

The complex, designed by the architectural firm KANOPIA, consists of 182 homes
divided between 5 buildings. It will become a genuine residential
neighbourhood, ramping up the transformation of Icade's Orly-Rungis business
park driven by the Coach Your Growth marketing plan implemented by Icade.
This residential development will complement the 4-star hotel completed in late
2019 in Icade's Orly-Rungis business park.

The project features 98 housing units for sale (including around ten affordable
home ownership units), 63 social housing units and 21 intermediate housing
units managed by DOMAXIS, as well as 168 parking spaces and 226 sq.m of retail
space on the ground floor.

The units are scheduled to be completed in early 2021 and 80% have already been
pre-sold.

EXPANSION has obtained NF Habitat HQE (high environmental quality)
certification and exceeds Thermal Regulation 2012 by 10% ("RT 2012 -10%").

About ARKADEA
A unique developer

ARKADEA was founded in 2017 as a property development company and it is owned
by Icade and Poste Immo.

ARKADEA intends to position itself as a unique developer, committed to meeting
the real estate needs of both local authorities and their communities in a
responsible and innovative way. ARKADEA will draw on the values of proximity,
local development and respect for the environment that are common to its
shareholders-Icade and Poste Immo, a real estate subsidiary of the La Poste
Group-to provide innovative solutions in the property development market.
In the residential segment, ARKADEA is expected to launch the construction of
900 units representing a revenue of EUR190 million by the end of 2019.

About POSTE IMMO

Poste Immo, a subsidiary of the La Poste Group, is at the same time the Group's
property investment company, a property developer and a service provider. Poste
Immo manages, develops, maintains and operates a portfolio of around 6.2
million sq.m, including over 11,000 office, industrial and retail properties
throughout France. It also assists the different divisions of the Group (mail
and parcel services, Réseau La Poste, digital services, GeoPost and La Banque
Postale) with the implementation of their property projects to provide them
with property solutions adapted to their needs that meet the latest
environmental standards while helping keep costs under control. Poste Immo also
provides services to local authorities and businesses. With 930 employees
located in its regional branches and its headquarters, Poste Immo maintains a
close and trusting relationship with its partners.

                                    ABOUT ICADE
                             BUILDING FOR EVERY FUTURE

As an investor and a developer, Icade is an integrated real estate player which
designs innovative real estate products and services adapted to new urban
lifestyles and habits. By placing corporate social responsibility and
innovation at the core of its strategy, Icade is closely involved with
stakeholders and users in the cities-local authorities and communities,
companies and employees, institutions and associations... As an office and
healthcare property investor (portfolio value of EUR11.3bn as of 12/31/18 on a
proportionate consolidation basis) and as a property developer (2018 economic
revenues of EUR1,251m), Icade has been able to reinvent the real estate
business and foster the emergence of tomorrow's greener, smarter and more
responsible cities. Icade is a significant player in the Greater Paris area and
major French cities. Icade is listed on Euronext Paris as a French Listed Real
Estate Investment Company (SIIC). Its leading shareholder is the Caisse des
dépôts Group.

The text of this press release is available on the Icade website:
www.icade.fr

                                CONTACTS

Anne-Sophie Lanaute                      Charlotte Pajaud-Blanchard
Head of Financial Communication          Press relations manager
and Investor Relations                   +33(0)1 41 57 71 19
+33(0)1 41 57 70 29                      charlotte.pajaud-blanchard@icade.fr
anne-sophie.lanaute@icade.fr

Anne-Sophie Maille
Press Relations Manager
Communication department for the Paris Region
+33 (0)7 60 70 77 28
+33 (0)1 55 44 65 20
anne-sophie.maille@laposte.fr

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ICADE (EPA:ICAD) - ARKADEA, POSTE IMMO AND ICADE BEGIN CONSTRUCTION ON 182 HOMES IN THE RUNGIS BUSINESS PARK

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