(CercleFinance.com) – Icade announces on December 21 that it has signed a synallagmatic promise to sell the Le Millénaire 4 building, located in Paris in the 19th arrondissement within the Parc du Millénaire, with institutional investors for a value of 186 million euros.
This building of nearly 24,600 m², fully let to BNPP for a residual period of seven years, was built and delivered in October 2016. Its sale is scheduled for March 2022, after the usual conditions precedent have been lifted.
Icade is thus completing the redevelopment of the Parc du Millénaire: the disposals made on this park amount to nearly € 740 million and have generated a very significant amount of capital gains. The product will enable Icade to launch new operations in this sector.