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SummaryAnnual Report – 2012 Reference DocumentPart 1: CorporatePart 2: Financial and legal report01 / All about Icade    0...
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:( %5,1* /,)( 72 7+( ,7 / THE EXPANDING CITY                                                                              ...
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:( %5,1* /,)( 72 7+( ,7 / THE EXPANDING CITY                                                                              ...
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:( %5,1* /,)( 72 7+( ,7 / THE EXPANDING CITY                                                                           .H ...
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:( %5,1* /,)( 72 7+( ,7 / THE EXPANDING CITY                                                                              ...
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: ( % 5 , 1 * / , ) ( 72 7 + (  , 7  / THE WELCOMING CIT Y                                                                ...
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+ ( DQG 4XDOLWHO3LHUUH 9DFDQFHV ƶUVW DVVHVVPHQW                                                                           ...
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:( %5,1* /,)( 72 7+( ,7 / THE INNOVATING CITY                                                                             ...
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Icade Annual Report 2012 Reference Document

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Icade Annual Report 2012 Reference Document

  1. 1. Our vision forWRPRUURZšV FLWANNUAL REPORT – 2012 REFERENCE DOCUMENT
  2. 2. SummaryAnnual Report – 2012 Reference DocumentPart 1: CorporatePart 2: Financial and legal report01 / All about Icade 01 Profile 02 Businesses 03 Highlights02 / We bring life to the city 08 Interview with Serge Grzybowski 12 The expanding city 24 The welcoming city 34 The innovating city03 / Businesses and results 42 Property Investment: a proven model 45 Property Development: a backlog maintained in a difficult environment 47 Services: a streamlined scope 48 2012 key figures: a sharp rise in net current cash flow (+13%)04 / Transparency, responsibility, commitment 53 Management Committees 54 The Board of Directors 56 Leveraging talents at Icade 58 A word from 4... employees05 / Figures and key information 62 Consolidated income statement and balance sheet 65 Shareholders 66 Simplified organization chart 67 Property assets In the CD-Rom at the end of this document you will find the whole of part 2: financial and legal report
  3. 3. 3URILOHAs a listed real estate company and a subsidiary of Caisse des Dépôts,Icade combines the best of the private and public sectors.As a commercial property investment company investing mainlyLQ WKH 3DULV UHJLRQ ,FDGH LV DOVR D PDMRU GHYHORSHU DQG RƵHUV LWVinstitutional clients a consultancy and property management service.It is this wide-ranging expertise that allows it to cater for all of itsclients’ property and urban development projects.6ROLGLW 2SHQQHVV ConvictionsAs a leading commercial Icade is active in every For us boldness andproperty investment type of urban property: solidarity lead to acompany and national RƸFHV EXVLQHVV SDUNV strong performance.developer, Icade is a key shopping centres, public We are innovative inpartner of the public amenities, healthcare our technical decisionsauthorities and private facilities and residential and bold in our urbanreal estate operators. property. development approach,:LWK bQDWLRQDO GLYLVLRQV embodying a vision of aIcade has operations just city built on solidaritythroughout Mainland and in which everyFrance. generation has its place. ſ P €6.8 bnHPSORHHV of revenue RI SURSHUW DVVHW YDOXH 1
  4. 4. Businesses,FDGH KDV GHYHORSHG EXVLQHVVHV WR RƵHU VROXWLRQVto all of its clients’ needs and cater for every type of urbandevelopment project. This wide-ranging expertise makesus a leading developer of complex urban projects.3URSHUW 3URSHUW Services,QYHVWPHQW HYHORSPHQW Icade provides its expertise and guides its clients throughIcade has a portfolio of ,FDGH EXLOGV RƸFHV KRXVLQJ its consultancy and propertyoutstanding property assets, units, shopping centres management activity.LQFOXGLQJ RƸFHV EXVLQHVV and public and healthcareparks, shopping centres, amenities.and clinics.ſ P ſP ſ P5HYHQXH 5HYHQXH 5HYHQXH€6.8 bn ſ P P9DOXHG SURSHUW DVVHWV %DFNORJ 0DQDJHG2
  5. 5. PARTIE / 6286 3$57,( ICADE in 2012 HIGHLIGHTS-DQXDU Many projects were completed in 2012 in every business. Let’s take a look at 12 months of highlights, IURP RXU ƶUVW %,+20(® housing program to the opening up of Icade Santé to investors. )HEUXDURXEOH VWULNH IRU 3URSHUW,QYHVWPHQWTwo audiovisual companies have signed 9-year leasesZLWK ,FDGH IRU WKH LQVWDOODWLRQ RI WKHLU KHDG RƸFHVEndemol is the leading French producer of programsIRU WHOHYLVLRQ DQG QHZ PHGLD ,W ZLOO RFFXS bPtin building 521 of Les Portes de Paris in Aubervilliers,GHVLJQHG E WKH ƶUP 3DOLVVDG $UFKLWHFWXUH 7KH VHFRQGcompany, the sports television station BeinSport,LV VHWWLQJ XS LWV RƸFHV LQ %RXORJQH RFFXSLQJ DƷRRU VSDFH RI bP2 within the Factory building,designed by the Catalan architect Josep Lluis Mateo.The two buildings are labelled HQE® (Haute Qualité 1HZ SKDVH LQ WKH FRPELQLQJEnvironnementale - High Environmental Quality). RI ,FDGH DQG 6LOLF The authorizing of the combining of Icade and Silic, a specialist in rental business parks, by the French Competition Authority on 13 February 2012, has allowed Caisse des Dépôts to acquire a majority stake in Silic through the holding company HoldCo SIIC.6LJQDWXUHV IRU 0LOO«QDLUH ,FDGH DQG WKH 0LQLVWªUH GH OD -XVWLFH KDYH FRQƶUPHG WKH PRYLQJ RI SDUW RI WKH 0LQLVWUšV VWDƵto the Millénaire 3 building, in 2015, through the signing of both a lease and a promise to buy.7KLV LV D QHZ VWHS WKDW DQQRXQFHV WKH VWDUW RI EXLOGLQJ ZRUNV LQ IRU WKLV Pt FRPSOH[GHVLJQHG E WKH ƶUP RI DUFKLWHFWV .3) DQG FRQƶUPV WKH ODVWLQJ UHODWLRQVKLS RI WUXVW EHWZHHQIcade and the Ministère de la Justice. 3
  6. 6. ICADE / $118$/ 5(3257 Ş 5()(5(1( 280(17 $SULO DSLWDO LQFUHDVH IRU ,FDGH 6DQW« In April 2012, Icade completed a capital increase for its subsidiary Icade Santé. This involved a total of €250 million, reserved for three institutional investors, the main ones being Crédit Agricole Assurances and BNP Paribas Cardif. Each insurer has invested through its own real estate investment vehicle approved for this purpose. At the end of 2012 a new capital increase was also subscribed by a new institutional investor, Groupe Macif. June 6DLQW1D]DLUH RSHQV LWV LW« 6DQLWDLUH On 29 June 2012, the Cité Sanitaire healthcare complex ZDV RƸFLDOO RSHQHG 7KH SURMHFW ZDV D UHDO DFKLHYHPHQW LQ the property world. It was the second largest public-private SDUWQHUVKLS LQ )UDQFH DQG ZDV FRPSOHWHG LQ RQO bPRQWKV It also performs highly environmentally: priority was given to renewable energy by opting for a biomass heating system for the production of heat for the site and the installing of solar panels for domestic hot water production. The complex LQFOXGHV bEHGV ZLWK D QHW ƷRRU DUHD RIbbPt Launch of BIHOME® LQ /RQ For several months Icade’s teams studied family, social and ƶQDQFLDO FKDQJHV ZLWK UHJDUG WR KRXVLQJ DQG WKH UHVXOWLQJ QHZ expectations, to devise an appropriate real estate solution. This was achieved with the launch in June of BIHOME®, an apartment FRQFHSW UHƷHFWLQJ SHRSOHšV QHZ ZDV RI OLYLQJ WRJHWKHU E maintaining the independence of each person. BIHOME® apartments cater for several types of living patterns and adapt over time to the lifestyle of their occupants. Three BIHOME® projects are already under way in Greater Lyon.4
  7. 7. $// $%287 ,$( / HIGHLIGHTS -XO 3XVKHG 6ODE VWDUW RI ZRUNV On 3 July, Pushed Slab entered its construction phase. 7KLV bPt EXLOGQJ VROG RIISODQ WR %DQTXH 3RSXODLUH Rives de Paris, with delivery scheduled for February 2014, is plot A of the future environmentally-friendly district of the Zac de la Gare de Rungis. Pushed Slab was designed by the architect Winy Maas. It will be HQE®FHUWLƶHG ODEHOOHG %%® and meet the requirements of the city of Paris Climate Plan.6HSWHPEHU The Parc des ORVELOOHV JRHV JUHHQ LQ HUJ3RQWRLVH On September 21, Icade and the mayor of Cergy-Pontoise signed a “HQE® Urban development” agreement for the Parc des Closbilles project. 7KLV bPt mixed program is particularly ambitious in its application of sustainable development on the scale,FDGH 6DQW« EXV WKUHH QHZ FOLQLFV of an urban district. The environmentalIcade Santé is buying three new clinics in the DPELWLRQ GULYHQ E ,FDGH LV UHƷHFWHGLanguedoc-Roussillon region. The operator, Clinipôle, in the measures it has taken to obtainis a major private healthcare player in the region, FHUWLƶFDWLRQ DQG ODEHOOLQJ VXFK DV 1)RSHUDWLQJ bIDFLOLWLHV ,FDGH 6DQW« LV WKHUHIRUH logement, HQE®, BBC® (ƸQHUJLH DQGcontinuing its development by establishing itself in HE and Qualitel.a region where it wasn’t previously active. 5
  8. 8. ICADE / $118$/ 5(3257 Ş 5()(5(1( 280(17 HFHPEHU $UULYDO RI WUDQVSRUW the start of a new era! On December 18, 2012, Serge Grzybowski and the elected representatives of Plaine Commune opened the metro station Front Populaire, which extends line 12 into the heart of Aubervilliers. After 78 years of waiting and 4 years of work, this event marks the start of a new era for North East Paris, which is now served by the metro and the T3 Tramway, which was launched two days earlier. At the end of 2013, works will begin on the new extension of line 12, with two new stations named Aimé Césaire and Mairie d’Aubervilliers. 0DUVHLOOHV VHHV %OXH Bleu Capelette is the name of the future leisure, cinema and shopping complex that is the ƶJXUHKHDG RI WKH XUEDQ UHQHZDO RI 7KURXJKRXW the northern districts of Marseilles. Jointly developed by Icade and WKH HDU Sifer, Bleu Capelette is developing D VXUIDFH DUHD RI bPt ,W ZLOO have 80 shops, a new “Auchan *RXUPDQGŤ FRQFHSW bUHVWDXUDQWV ZLWK WHUUDFHV bFLQHPD VFUHHQV DQG bSDUNLQJ VSDFHV HOLYHU is scheduled for 2015. 6HYHUDO OHDVHV ZHUH VLJQHG DW 7RXU 3% /D «IHQVH
  9. 9. Thanks to an active letting policy following the departure of SCOR, Icade has signed several leases, notably with the CAC 40 companies Total and EDF (ERDF), bringing the building’s occupancy rate to 98%.6
  10. 10. :H EULQJ OLIH WR WKH FLW ZKLFK LV H[SDQGLQJ ZKLFK LV ZHOFRPLQJ ZKLFK LV LQQRYDWLQJ IQWHUYLHZ ZLWK 6HUJH *U]ERZVNL / 08 7KH H[SDQGLQJ FLW / 12 7KH ZHOFRPLQJ FLW / 24 7KH LQQRYDWLQJ FLW / 34Tour EQHO. Courbevoie-La Défense (92).Architects: Hubert et Roy. 7Architects who designed the original tower:F. Urquijo, G. Macola et J. Willerval.
  11. 11. ICADE / $118$/ 5(3257 Ş 5()(5(1( 280(17 INTERVIEW WITH 6(5*( *5=%2:6.,, CHAIRMAN AND CEO OF ICADE “ ,I WKLV HDU PHW RXU H[SHFWDWLRQV it is thanks to WKH HƵHFWLYHQHVV RI RXU SURSHUW LQYHVWPHQW GHYHORSPHQW PRGHO DQG WKH FRQWLQXLQJ RI RXU VWUDWHJ RI UHIRFXVLQJ ,FDGHšV activities on WKH FRPPHUFLDO SURSHUW VHFWRU8 ”
  12. 12. :( %5,1* /,)( 72 7+( ,7 ,17(59,(: :,7+ 7+( +$,50$1 $1 (2+RZ ZRXOG RX DVVHVV This year has called for discernment, a fighting spirit and internal cohesion. Thanks to our teams’6HUJH *U]ERZVNL As a promise kept! constant efforts, our ability to give priority toWe announced double-digit cash flow growth quality over quantity in our choice of investments,in 2012, and we achieved this, despite a difficult our management of the risks relating to oureconomic environment. If this year met our developments and excellent relationships with ourexpectations, it is thanks to the effectiveness clients, banking partners and shareholders, Icadeof our property investment development model was able to stay on course in 2012.and the continuing of our strategy of refocusingIcade’s activities on the commercial property sector. +RZ LV ,FDGH DSSURDFKLQJ This year more than any other has shown thesolidity of our financial structure, with a fall 6* In a still uncertain market, we arein the average cost of debt, the extending approaching this new year with realismof its maturity and the diversification of our and confidence.sources of funding. 2012 also saw the active )RU ,FDGH ZLOO DERYH DOO EH D HDU RIletting of our commercial buildings and the consolidating the industrial and financial logiccontinued development of our portfolio of of Icade/Silic, with whom we are planningclinics, which makes Icade Santé the leading to combine in the coming months. This new)UHQFK KHDOWKFDUH SURSHUW LQYHVWRU ZLWK combined entity will be the leading officebFOLQLFV RZQHG ZRUWK PRUH WKDQ ſbELOOLRQ property investment company in the Paris region,This division was been so successful that we ZLWK QHDUO ſbELOOLRQ RI DVVHWV DQG QHDUOdecided to open it up to 4 major life insurance bPLOOLRQbPt RI ODQG UHVHUYHV WR EH GHYHORSHGpartners. Strategically, this diversification is over the long term. This change in scale willhelping to generate major cash flow for Icade, confirm the effectiveness of our model, thanksallowing it to finance new commercial property to the coherence of the businesses operateddevelopments. by Icade and Silic. We complement each otherAnother strength is the refocusing of our geographically and will have a strong presenceretail property development activity on block LQ WKH bPDMRU GHYHORSPHQW ]RQHV LQ WKH 3DULVsales, which has ensured that sales and the region, with a diverse offer of existing products orbacklog have held up well despite an uncertain products to be developed, allowing us to offer ourenvironment. clients made-to-measure property solutions. 9
  13. 13. ICADE / $118$/ 5(3257 Ş 5()(5(1( 280(17“2QH RI WKH KLJKOLJKWV RI WKLV HDU LV SRVVLEO WKH VXFFHVVLYH DUULYDO RI QHZ WUDQVSRUW URXWHV VHUYLQJ RXU SURSHUWLHV 7KHUH ZDV D EHIRUH DQG WKHUH ZLOO EH DQ DIWHU WKH 7 WUDPZD DQG WKH H[WHQVLRQ WR PHWUR OLQH QRZ VHUYH DOO RI RXU VLWHV DQG ODVWLQJO LQFUHDVH WKH DSSHDO RI 1RUWK (DVW 3DULV ” 7RGD Ũ Metro line 12 has been extended with the new VWDWLRQ ţ)URQW 3RSXODLUHŤ DURXQG RI DQ KRXU IURP 6DLQW/D]DUH WUDLQ VWDWLRQ Ũ The T3 Tramway connects Porte de la Chapelle to Porte de Vincennes with a stop at Porte d’Aubervilliers. Ũ 3 river shuttles depart from Corentin Cariou. Front populaire metro station. 7RPRUURZ ,Q 7KH ţ5RVD 3DUNVŤ VWDWLRQ D QHZ VWRS RQ WKH 5(5b( (Eole) line, will serve Porte d’Aubervilliers. ,Q Metro line 12 will be further extended by the sta- tions “Aimé Césaire” and “Mairie d’Aubervilliers”. T3 tramway. River shuttles.10
  14. 14. :( %5,1* /,)( 72 7+( ,7 ,17(59,(: :,7+ 7+( +$,50$1 $1 (27RGD STADE DE ST-DENIS B FRANCE Can A1 a l St- D en is FRONT POPULAIRE Tramway M Opened 15 December 2012 D Bus stops for lines 239 and 65 M AUBERVILLIERS 769;, 769;, PANTIN M 7 Metro line 7 +, 3( */(7,33, Quatre Chemins +, 3( =033,;;, Metro line 12 3 M 12 Front Populaire station (Phase 1) Périphérique Opened 18 December 2012 769;, +»(),9=0330,9: B RER B 2 12 M M D RER D PORTE DE LA CHAPELLE 1 PORTE DE LA VILLETTE 1 Paris Nord-Est 2 Claude Bernard ZAC 7 M CORENTIN CARIOU 3 Les Mines-Fillettes station7RPRUURZ MAIRIE M D’AUBERVILLIERSSTADE DE ST-DENIS B FRANCE Can A1 Tramway project a l St- Tramway D en AIMÉ CÉSAIRE Opened 15 December 2012 is M FRONT POPULAIRE Creation of an RER E M station (Rosa Parks) D Bus stops for lines 239 and 65 M AUBERVILLIERS PORTE PORTE PANTIN M 7 Metro line 7 DE LA CHAPELLE Quatre Chemins DE LA VILLETTE Metro line 12 3 M 12 Front Populaire station (Phase 1) Périphérique Opened 18 December 2012 PORTE D’AUBERVILLIERS B 2 RER B 12 M PORTE 1 M D RER D DE LA CHAPELLE PORTE DE LA VILLETTE 1 Paris Nord-Est Rosa Parks 2 Claude Bernard ZAC 7 M CORENTIN CARIOU 3 Les Mines-Fillettes station 11
  15. 15. ICADE / $118$/ 5(3257 Ş 5()(5(1( 280(17 The H[SDQGLQJ FLWLe Millénaire. Paris (75).
  16. 16. :( %5,1* /,)( 72 7+( ,7 / THE EXPANDING CITYIs economic development compatible witha virtuous and sustainable approach to realHVWDWH WKDW EHQHƶWV DOOIcade is a forward-looking propertyinvestment company making an expertcontribution to the issues raised by theexpansion of the city.A s the point of convergence between people and FRPSDQLHV LQ )UDQFH FLWLHV QRZ KRXVH WZRWKLUGV of the population. This trend is continuing to pick up pace and real estate operators must be sure to combine urban development with economicGHYHORSPHQW DQG VREULHW DQG HQHUJ HƸFLHQF ZLWK FRPIRUWDEOHliving conditions for residents and employees.We are experimenting, innovating and creating new ways todevelop cities.HVWHUGD ZH ZHUH WKH ƶUVW WR GHYHORS FRUSRUDWH FDPSXVHV LQ WKHNorth East of Paris.7RGD /H 0LOO«QDLUH /HV 3RUWHV GH 3DULV DQG /H 3RQW GH )ODQGUH KDYHbecome synonymous with the vibrancy of North East Paris. Theseconstantly changing districts are being reinvented and developedas users’ needs change. Around a hundred private and publicenterprises are now contributing to the exceptional economic vitalityof our region.Tomorrow, as part of the development project for the Paris region,Icade is preparing to play the role of contributor of innovativesolutions. The combining of Icade with the commercial propertygroup Silic opens up the prospect of a potential two million squaremetres to be developed, according to demand. 65 )286 6LQFH RI ,FDGHšV GHYHORSPHQWV have been HQE® FHUWLƶHG DQG ODEHOOHG %%®. ,FDGH PRVWO GHYHORSV LV SURJUDPV LQ XUEDQ RU SHULXUEDQ ]RQHV VR DV WR FRQFHQWUDWH LWV DFWLYLW RQ GHQVH GHYHORSPHQW ]RQHV WKDW DUH DOZDV HQHUJL]HG E SXEOLF WUDQVSRUW DQG URDG QHWZRUNV 7KLV DSSURDFK LV SDUW RI D YLVLRQ RI WKH VXVWDLQDEOH FLW ZKLFK LV EXLOW DQG UHVWUXFWXUHG RQ LWVHOI WR DYRLG XUEDQ VSUDZO 13
  17. 17. ICADE / $118$/ 5(3257 Ş 5()(5(1( 280(17Les Portes de ParisIcade has been able to bring economic, social and environmentalPRPHQWXP WR LWV DUHD RI 1RUWK (DVW 3DULV )HHGEDFN RQ D SLORWexperiment and an urban renewal model./H 0LOO«QDLUH /HV 3RUWHV GH 3DULV DQG /H 3RQW GH )ODQGUH HPERG WKHrenewal of an industrial district in line with the highest sustainabledevelopment standards.(FRQRPLF UHQHZDO ZLWK PRUH WKDQ b FRPSDQLHV RFFXSLQJ Pt DQG ODQG UHVHUYHV DYDLODEOH IRU QHZ GHYHORSPHQWVIcade has contributed to the economic revitalisation of North EastParis. Ideally sited at the gateway to Paris, these business parks arestrategically located closed to major road hubs and public transportstations that serve the capital and its outskirts through a varied andFRQVWDQWO GHYHORSLQJ RƵHU LQFOXGLQJ WKH PHWUR 5(5 WUDPZD EXVriver shuttles and Vélib’).Environmental renewal: Icade has succesfully renovated anarchitectural legacy loaded with history in keeping with the highestenvironmental standards. Whether it is restructuring existingbuildings or developing new ones, each of Icade’s projects areGHVLJQHG WR REWDLQ WKH KLJKHVW TXDOLW FHUWLƶFDWLRQV DQG ODEHOVWKH %%® renovations label Rénovation pour les réhabilitations andVVWHPDWLF +4(® FHUWLƶFDWLRQ IRU QHZ EXLOGLQJV Inter-company restaurant “Le Millénaire”.6RFLDO UHQHZDO ,FDGHšV FRPSOH[HV DUH ZRUN DQG OLYLQJ VSDFHV RƵHULQJa range of shops, services and recreational facilities that make users’everyday existence easier. Inter-company restaurants, cafeterias,sports halls, concierge services and creches have been set up toRƵHU HYHU JUHDWHU FRPIRUW LES PORTES DE PARIS COMPRISES: More than Pt RI FRPPHUFLDO VSDFH RƸFHV DQG VKRSV More than FRPSDQLHV RI WKH QHZ EXLOGLQJV +4(® FHUWLƶHG Pont de Flandre sports hall. DQG ODEHOOHG %%®Le Millénaire
  18. 18. :( %5,1* /,)( 72 7+( ,7 / THE EXPANDING CITY Le Beauvaisis: Paris (75) Architect: CALQ./H 3RQW GH )ODQGUH /H %HDXYDLVLV7KLV IRUPHU ZDUHKRXVH KDV KDG VHYHUDO LQFDUQDWLRQVLW ZDV LQLWLDOO GHVLJQHG IRU WKH VWRUDJH RI VDFNV RIVXJDU EURXJKW E FDQDO EDUJH IURP WKH 6DLQWHQLV FD-QDO EHIRUH DPRQJ RWKHU WKLQJV KRXVLQJ LWHPV IURPWKH FROOHFWLRQV RI WKH YHV 6DLQW/DXUHQW PXVHXPWKHQ WKH ULVWDOOHULHV Gš$UTXHV:KHQ ,FDGH WRRN RQ WKH UHGHYHORSPHQW RI WKH 3RQWGH )ODQGUH EXVLQHVV SDUN WKH EXLOGLQJ XQGHUZHQW DGUDPDWLF UHVWUXFWXULQJ RQO WKH KLVWRULF IURQWDJHVZHUH NHSW ZKLOH WKH VWUXFWXUH LWVHOI ZDV FRPSOHWHOGHPROLVKHG,Q LWV SODFH bVXSHUVWUXFWXUH OHYHOV DQG DQG bEDVH-PHQW OHYHOV ZHUH FUHDWHG DV ZHOO DV D FHQWUDO DWULXP$V ZHOO DV EHLQJ DQ DUFKLWHFWXUDO FKDOOHQJH WKLVUHVWUXFWXULQJ SURMHFW ZDV DOVR DQ HQYLURQPHQWDODFKLHYHPHQW WKH EXLOGLQJ LV +4(® FHUWLƶHG DQG LVWKH ƶUVW LQ 3DULV WR KDYH REWDLQHG WKH %%® 5HQRYD-WLRQ ODEHO Le Pont de Flandre. Paris (75). 15
  19. 19. ICADE / $118$/ 5(3257 Ş 5()(5(1( 280(17 TV Studio 6HLQH6DLQWHQLV LV DQ DXGLRYLVXDO PXOWLPHGLD DQG FRPPXQLFDWLRQV KXE DQG D FHQWUH RI H[SHUWLVH DQG FUHDWLYLW KDYLQJ HVWDEOLVKHG LWVHOI DV WKH IDYRUHG ORFDWLRQ RI LPDJH SURIHVVLRQDOV IRU PRUH WKDQ WKLUW HDUV TV Studio. TV Studio.16
  20. 20. :( %5,1* /,)( 72 7+( ,7 / THE EXPANDING CITY Le Millénaire 3. Paris (75). Architect KPF/H 0LOO«QDLUH 7KH VWRUH EXLOGLQJ ZLOO RƵHU PD[LPXP ƷH[- LELOLW LQ WHUPV RI WKH LQWHULRU ODRXW DQG ZLOO,Q D QHZ EXLOGLQJ ZLOO EH EXLOW WR KRXVH FRPSO ZLWK +4( VWDQGDUGV DQG WKH %%® ODEHOSDUW RI WKH VWDƵ RI WKH 0LQLVWªUH GH OD -XVWLFH ORZ FRQVXPSWLRQ EXLOGLQJ
  21. 21. DQG %5(($0® 9HU *RRG7KLV QHZ P FRPSOH[ GHVLJQHG E WKH1HZ RUN ILUP .3) .RKQ 3HGHUVHQ )R[$VVRFLDWHV
  22. 22. ZLOO FDWHU IRU DURXQG b HP-SORHHV Le Millénaire 3. View from the ring road. Paris (75). 17
  23. 23. A WORD FROM… FOLHQWV 7KH KDYH FKRVHQ ,FDGH IRU WKHLU RƸFHV /LNH PRUH WKDQ FRPSDQLHV WKH KDYH FKRVHQ WR VHW XS WKHLU KHDG RƸFH ZLWKLQ WKH RƸFH FRPSOH[HV GHYHORSHG E ,FDGH )LUVWKDQG DFFRXQWV P 7KH KHDG RƸFH RI *URXSH 3LHUUH 9DFDQFHV HQWHU 3DUFV *URXSH 3LHUUH 9DFDQFHV Center Parcs $ OLWWOH RYHU HDUV DJR WKH 3LHUUH b9DFDQFHV HQWHU 3DUFV JURXS RSHUDWHG IURP /D «IHQVH “We then wanted to move to Paris” VDV -RFHOQH 5LYHW +HDG RI *HQHUDO 6HUYLFHV “We were put in touch with Icade, which was designing the building that we have occupied since. We were able to very actively participate in the design process and were present alongside Icade throughout its construction.” EXLOGLQJV 7KH *URXS ƶUVW KDG RƸFHV LQ MXVW RQH EXLOGLQJ DQG QRZ RFFXSLHV WKUHH ZKLFK DUH RUJDQL]HG LQ D 8VKDSH DQG FRQQHFWHG WRJHWKHU RQ HDFK ƷRRU E JODVV ZDONZDV 7KH FRPSOH[ WKXV FUHDWHG WKHUHIRUH IRUPV D YDVW RƸFH VSDFH FRQQHFWHG E FRPPXQLFDWLQJ SDVVDJH- ZDV IRU HDVLHU FLUFXODWLRQ 7KH ODUJH JOD]HG ƷRRU DUHDV RI WKH WKUHH EXLGLQJV RƵHU D OXPLQRXV ZRUN VSDFH UHLQIRUFHG E WKH KLJK FHLOLQJV A large central hall opens onto the complex, providing reception and relaxation areas. A WORD FROM… 7KH NH FULWHULRQ DFFHVVLELOLW -RFHOQH 5LYHW +HDG RI *HQHUDO 6HUYLFHV The reasons for this choice were the reasonable rent and the ac- cessibility of the site, by metro, bus, car, tramway and soon the RER, “We have expanded a lot over the last ten which is much appreciated by our employees. “2XU HPSORHHV years. This site has allowed us to adapt the also appreciate the green spaces that make the site more pleas- VXUIDFH DUHD RI RXU KHDG RƸFH DFFRUGLQJO ant and services such as the company creche, restaurants and E PDNLQJ XVH RI RQH DQG WKHQ WZR cafeterias. It’s all within reach, without having to leave.” When it FRPHV WR VKRSV WKH QHDUE DYHQXH GH )ODQGUH RƵHUV DFFHVV WR additional buildings. all sorts of shops and stores, which is very handy for shopping. We made this decision as we plan to stay “The fact that the site is secure 24/7 also gives us all peace of mind!”, at the Pont de Flandre site for a long time.” concludes Jocelyne Rivet. 18
  24. 24. :( %5,1* /,)( 72 7+( ,7 / THE EXPANDING CITY P 7KH KHDG RƸFH RI 4XLFN*URXSH 4XLFN:KHQ 4XLFN RQH RI (XURSHšV OHDGLQJ IDVWIRRGFRPSDQLHV ZDV ORRNLQJ IRU D QHZ VLWH IRU LWV )UHQFKKHDG RƸFH LW YHU TXLFNO GHFLGHG RQ /HV 3RUWHV GH3DULV 7KH )UHQFK IDVWIRRG JURXS KDV EHHQ RSHUDWLQJWKHUH VLQFH $SULO ţ$IWHU KDYLQJ RƸFHV LQ 9LOOHSLQWH ZH ZDQWHG WR PRYH FORVHU WR 3DULV to be near to new partners in the capital. We also wanted to bring all of our activities together within the same property complex” explains *LOOHV 7LVVDXG +HDG RI *HQHUDO 6HUYLFHV IRU WKH KHDG RƸFH$ ZHOO ORFDWHG VLWH7KH VLWH FKRVHQ LQ 6DLQWHQLV PHW WKH QHHG WR EH DW WKH KHDUW RI Deconomically vibrant city on the move. The close access to roadsDQG SXEOLF WUDQVSRUW DOVR RƵHUHG DGYDQWDJHV ţWe wanted to remainin the same department for the convience of our employees. Weappreciated the access to the A1 motorway and the site is very wellVHUYHG E SXEOLF WUDQVSRUW ZLWK WKH 6DLQWHQLV VWDWLRQ FORVH E EXVstops and Vélib’ stations, as well as Icade’s free shuttles.” A WORD FROM…$Q DUFKLWHFWXUDO ORYH DW ƶUVW VLJKW *LOOHV 7LVVDXGThe quality of the architecture played a central role in the decisionWR PRYH WR WKH 3DUF 7KH EXLOGLQJ D KDOO EXLOW LQ WKH +DXVVPDQQLDQ +HDG RI *HQHUDO 6HUYLFHVstyle in the 19th century, was initially a Parisian bread store. The Eif- ţ7KHUHšV WKH ORFDWLRQ WKH VHUYLFHV DQG DOVRfel framework was retained, as were the gritstone exteriors. It now WKH EXLOGLQJ LWVHOI 7KH ZHOOSUHVHUYHG (LƵHOSURYLGHV SUHPLVHV PHDVXULQJ bP2 LQFOXGLQJ bP2 RI RƸFHV architecture and the gritstone frontagebP2 RI WHVW NLWFKHQV DQG bP2 dedicated to the company’s PDNH LW DWWUDFWLYH DQG LW LV RQH RI WKH RQOin-house training centre. buildings of this type to have kept its initial0DGHWRPHDVXUH VHUYLFHV shape despite several successive tenants7KH YDULHW DQG TXDOLW RI WKH VHUYLFHV RƵHUHG DW WKH KHDUW RI WKH 3DUF WKDW KDYH UHƶWWHG LW HDFK WLPHŤZHUH GHWHUPLQLQJ IDFWRUV LQ 4XLFNšV ƶQDO GHFLVLRQ ţWe appreciatedWKH EX]] FUHDWHG E WKH VKRSSLQJ FHQWUH DQG VPDOO VKRSV VHW XSthere, as well as the six restaurants on site, in addition to the inter-FRPSDQ UHVWDXUDQW 7KH FRQFLHUJH VHUYLFH KDV DOVR JDLQHG bQHZPHPEHUV IURP DPRQJ RXU bHPSORHHV 7KH YDULRXV DFWLYLWLHVwithin the Parc make the complex very lively and pleasant. The levelof security also sets it apart.” 19
  25. 25. ICADE / $118$/ 5(3257 Ş 5()(5(1( 280(17Veolia. Architect: Dietmar Feichtinger. VEOLIA’S HEAD OFFICE: P HOLYHU 4 9HROLD (QYLURQQHPHQW,Q *URXSH 9HROLD (QYLURQQHPHQW ZKLFK VSHFLDO-L]HV LQ ZDWHU ZDVWH DQG HQHUJ PDQDJHPHQW SODQQHGWKH JURXSLQJ RI LWV WKUHH EXVLQHVVHV RQD VLQJOH VLWH 7KLV QHZ KHDG RƸFH ZLOO VRRQ EH EXLOWDW WKH 0LOO«QDLUH SDUNţ$XEHUYLOOLHUV ZDV FKRVHQ DV WKLV VLWH PRVW HƵHFWLYHO PHW RXU WUDQV-SRUW DQG DFFHVVLELOLW UHTXLUHPHQWV IRU RXU VWDƵŤ stresses EdouardPatino, Group head of real estate and general resources. The publictransport facilities, which at the time were just a pipe dream, haveVLQFH IXOƶOHG WKHLU SURPLVH ZLWK WKH H[WHQGLQJ RI WKH 7 WR 3RUWH GHOD KDSHOOH DQG WKH H[WHQGLQJ RI OLQHb WR $XEHUYLOOLHUV ,Q WKH 5RVD 3DUNV VWDWLRQ RQ WKH 5(5b( OLQH ZLOO DOVR EH LQ RSHUDWLRQ ,QDGGLWLRQ WKH VLWH RƵHUV DFFHVV WR PDMRU LQWHUQDWLRQDO WUDQVSRUW KXEVţIRU D JOREDO JURXS EHLQJ FORVH WR 5RLVV DLUSRUW DQG WKH *DUH GX 1RUGDQG *DUH GH Oš(VW WUDLQ VWDWLRQV LV DOVR D FRQVLGHUDEOH DGYDQWDJHŤ A WORD FROM…7KH VPEROLVP RI ZDWHU (GRXDUG 3DWLQR KHDG RI UHDO HVWDWHţ7KH GLUHFW SUHVHQFH RI ZDWHU ZLWK WKH QHDUE $XEHUYLOOLHUV EDVLQ WKDW DQG JHQHUDO UHVRXUFHVERUGHUV RXU IXWXUH EXLOGLQJ ZDV DQ LPSRUWDQW IDFWRU DV ZDWHU PDQ-DJHPHQW LV RQH RI 9HROLD (QYLURQQHPHQWšV WUDGLWLRQDO EXVLQHVVHVŤ An ţ,Q WKH SDVW ƶIW HDUV WKHUH KDYH EHHQLPDJH IDFWRU UHLQIRUFHG E WKH YLVLELOLW RƵHUHG WR WKH IXWXUH EXLOG- three major urban commercial propertying: ţIURP WKLV ORFDWLRQ ZH ZLOO EH YLVLEOH IURP WKH ULQJ URDG ZKLFK LV SURMHFWV LQ 3DULV /D «IHQVH -DYHO*UHQHOOHLPSRUWDQW IRU D *URXS RI RXU VWDWXUHŤ DQG WKH (DVW RI 3DULV ZLWK WKH 7ROELDF$ EXLOGLQJ IRU KDUPRQLRXV OLYLQJ Masséna and Bercy sites. We think thatţ7KLV UHDO HVWDWH SURMHFW LV LQWHQGHG WR EULQJ WRJHWKHU IRXU KHDG RI- North East Paris will be the fourth. Here weƶFHV WKDW DUH FXUUHQWO VHSDUDWH 7KH ƶUVW JRDO DLPHG DW LV WKHUHIRUH have the two conditions needed for theXQLƶFDWLRQ FRQYHUJHQFH DQG ţKDUPRQLRXV OLYLQJŤ 7KH DUFKLWHFW GHYHORSPHQW RI D YLEUDQW GLVWULFW RXWKLHWPDU )HLFKWLQJHUšV FRQFHSW VXSSRUWV WKLV DPELWLRQ RI EHLQJ XQL- ZLWK WKH IXWXUH DPSXV RQGRUFHW DQGƶHG ZLWKLQ D VLQJOH 8VKDSHG EXLOGLQJ TXLWH FORVHO VXUURXQGLQJ D FXOWXUH ZLWK WKH /D 9LOOHWWH LQIUDVWUXFWXUHODUJH LQWHULRU JDUGHQ” This clear, clean and transparent architecture close at hand.”JLYHV RƵ DQ LPSUHVVLRQ RI JUHDW VLPSOLFLW FRQWULEXWLQJ WR D SOHDVDQWenvironment. There are many meeting places, including the interiorgarden, the company restaurant, an ampitheatre, a concierge ser-vice, a sports hall and, of course, meeting rooms.20
  26. 26. :( %5,1* /,)( 72 7+( ,7 / THE EXPANDING CITY .H SURMHFW GDWHV - February 8, 2010: call for projects by Veolia Environnement IRU WKH VHWXS RI LWV 6ROH +HDG 2ƸFH - April 2011: choice of the Aubervilliers site. Dietmar - June 17, 2011: signing of the partnership agreement between Feichtinger. Icade and Veolia.)RU DURXQG ƶIWHHQ HDUV LHWPDU )HLFKWLQJHU KDV EHHQ DW WKH - July 8, 2011: pre-selecting of 12 architects based on theirKHDG RI DQ DJHQF RI DUFKLWHFWV IURP GLƵHUHQW FRXQWULHV applications.7KLV GLYHUVLW FDQ HYHQ EH VHHQ LQ WKH DUFKLWHFWXUDO VWOH VSHFLƶF - September 7 and 8, 2011: selecting of the short listto his school and residential buildings created by the architect’s of 4 architects based on interviews.team, which favors mixing interior and structural work. As well as - October 12, 2011: launch of the architecture competitionGHVLJQLQJ PDQ EULGJHV 6LPRQH GH %HDXYRLU ZDONZD 7URLV 3DV at Veolia by Antoine Frérot and Serge Grzybowski.ZDONZD EHWZHHQ )UDQFH DQG *HUPDQ DQG WKH SDVVDJHZD OHDG-ing to the rock at Mont Saint-Michel), he has also designed numer- - January 24, 2012: submission of architecture projects.RXV RƸFHV FXOWXUDO FHQWUHV VFKRRO FRPSOH[HV DQG KRXVLQJ XQLWV - From February 2 to March 26, 2012: analysis of the projects by the technical committee.$Q H[HPSODU DQG EROG SURMHFW - April 3, 2012: submission of the analysis report to Veolia.7KH GUDIWLQJ RI WKH VSHFLƶFDWLRQV DQG WKH ODXQFK RI WKH DUFKLWHFWXUHcompetition required project-based preparatory work, bringing all of - April 20, 2012: presentation of the report to the jury.the participants to the table: Icade’s Property Investment and Prop- - July 31, 2012: target date for the signing of an agreementHUW HYHORSPHQW WHDPV DQG WKH ORFDO DXWKRULWLHV 3ODLQH RPPXQH between Icade and Veolia on the terms and conditionsDQG WKH 3DULV DQG $XEHUYLOOLHUV 7RZQ +DOOV
  27. 27. ZLWK WKH VXSSRUW RI FRQVXOW- of a promise.DQWV VSHFLDOL]HG LQ VXVWDLQDEOH GHYHORSPHQW DQG WHFKQLFDO DVSHFWV - October 31, 2012: signing of a memorandum of understanding7KH FROOHFWLYH GHFLVLRQ RQ WKH ƶQDO SURMHFW ZDV IRXQGHG RQ VHYHUDO RQ WKH SURGXFLQJ RI EOXHSULQWV IRU Pt RI RƸFH VSDFHkey criteria:Ũ WKH DUFKLWHFWXUDO EROGQHVV RI WKH SURMHFW D XQLTXH VWUXFWXUH GH- - January 9, 2013: presentation of the project blueprints.veloping employees’ feeling of belonging, in line with Veolia’s values - -DQXDU VLJQLQJ RI WKH RƵSODQ OHDVHand image;Ũ WKH EXLOGLQJšV EOHQGLQJ ZLWK WKH XUEDQ HQYLURQPHQW DQ RUJDQL]DWLRQconsistent with the densely built area surrounding avenue Victor+XJR DQG D GHVLJQ JLYLQJ RQWR WKH KDUERXU EDVLQ DQG RƵHULQJ Dmeeting place between Millénaire 1 and the shopping centre. 65 )286 (QHUJ HƸFLHQF $W WKH VWDUW RI ,FDGH ODXQFKHG DQ DUFKLWHFWXUH FRPSHWLWLRQ ZRQ E LHWPDU )HLFKWLQJHU 7KH DUFKLWHFW ZDV FKRVHQ LQ SDUWLFXODU IRU WKH ODQGVFDSLQJ WUHDWPHQW DQG HQHUJ HƸFLHQF RI KLV SURMHFW ZKLFK DUH FKDUDFWHULVWLFV WKDW ZHUH NH ERWK IRU ,FDGH DV DQ LQYHVWRU DQG IRU 9HROLD (QYLURQQHPHQW DV DQ RSHUDWRU LQ WKH ZDWHU ZDVWH PDQDJHPHQW DQG HQHUJ VHFWRUV $ ODUJH FHQWUDO SDWLR EHKLQG WKH EXLOGLQJšV HQWUDQFH KDOO ZLOO DOORZ 9HROLDšV HPSORHHV WR OHDYH WKHLU RƸFHV DQG EHQHƶW IURP D SULYDWH JDUGHQ RYHUORRNLQJ DYHQXH 9LFWRU +XJR ,FDGH SODQV WR FUHDWH D EHOYHGHUH ƶWWHG RXW DV D UHVWDXUDQW RQ D WHUUDFH DERYH WKH HQWUDQFH KDOO 7KH EXLOGLQJ GHVLJQHG LQ OLQH ZLWK WKH KLJKHVW VXVWDLQDEOH GHYHORSPHQW VWDQGDUGV DLPV IRU KLJKHU HQHUJ HƸFLHQF HOHFWULFLW JDV XUEDQ KHDWLQJ DQG DLUFRQGLWLRQLQJ
  28. 28. WKDQ WKH QRUP DQG ZLOO EH +4(® DQG %5(($0® 9HU *RRG FHUWLƶHG 21
  29. 29. ICADE / $118$/ 5(3257 Ş 5()(5(1( 280(177KH 3DULV UHJLRQD PDGHWRPHDVXUH UROH IRU ,FDGHIcade is heavily involved in the development of North East Paris, experimentingwith new ways to bring life to the expanding city.Icade is a long-standing Parisian real estate operator, operating 3XEOLF 3DUWQHUVKLSV DQG *UHDWHU 3DULV VHH LQWHUYLHZ
  30. 30. +LV UROH LV WRthrough its three businesses in the Paris region. As a property coordinate and steer Icade’s teams in certain flagship Greater Parisinvestment company, Icade develops corporate campuses offering projects and particularly the Contrat de Développement Territorialoffice buildings, shops, transport and associated services. Its 7 5HJLRQDO HYHORSPHQW RQWUDFW
  31. 31. LQ RUGHU WR SDUWLFLSDWH LQ WKHLUcomplexes connected by a rich and varied transport system create a practical implementation.new unity between districts that were very much separate previously The second is the increased rate of construction of new residentialDQG QRZ FRQQHFW $XEHUYLOOLHUV 6DLQWHQLV DQG 3DULV UHVXOWLQJ LQ D property in the Paris region. This significant effort shows the newnew economic, social and environmental vibrancy. As a property vibrancy injected by Icade, although its strategy remains drivenGHYHORSHU ,FDGH LV SURGXFLQJ bQHZ KRXVLQJ XQLWV LQ WKH 3DULV by the commercial property sector. Icade, which still has fromregion (half of its national production) giving priority to the two inner WR b PLOOLRQ PHWHUV VTXDUHG RI EXLOGLQJ ULJKWV RQ WKHrings that are the districts emblematic of Greater Paris’s development. land that is owns is studying the construction of several thousand new housing units with Plaine Commune, the urban communityThrough property management in particular, Icade focuses most of encompassing the towns of Aubervilliers, Épinay-sur-Seine,LWV VHUYLFH DFWLYLW RQ /D «IHQVH DQG LV SURYLQJ LWVHOI WR EH DQ H[SHUW OH6DLQWHQLV 3LHUUHILWWHVXU6HLQH 6DLQWHQLV 6DLQW2XHQin the management and maintenance of high rise buildings in the Stains and Villetaneuse.Paris region. The third is the combining of Icade and the commercial property investment company Silic, which should be completed in the firstGiven its historical and geographical roots in the region, it was natural half of 2013. The new entity should be a market leader in thefor Icade to actively participate in the Greater Paris region project. bVWUDWHJLF GHYHORSPHQW ]RQHV LQ *UHDWHU 3DULV LQ WKH 1RUWK WKHIn 2012 this involvement took three complementary forms. The 3ODLQH RPPXQH GLVWULFW LQ WKH :HVW /D «IHQVH1DQWHUUH LQ WKHILUVW ZDV WKH DSSRLQWPHQW LQ -XQH RI -HDQ3LHUUH 0DWWRQ DV +HDG RI 6RXWK 2UO5XQJLV DQG LQ WKH 1RUWK (DVW 5RLVV6RPH H[DPSOHV RI RXU VLWHV Roissy – Paris Nord Cergy Sarcelles Roissy-CDGLes Closbilles (Cergy) Le Bourget Parc d’expositions Argenteuil Paris-Nord Genevilliers Aulnay-sous-Bois La Courneuve Centre commercial Le Millénaire Asnières- Bobigny (Aubervilliers) sur-Seine Clichy-Montfermeil Nanterre Paris Rueil-MalmaisonH2O (Rueil-Malmaison) Descartes-Noisy Maisons-Alfort Champigny-sur-Marne Bagneux Versailles Ivry Villejuif Thiais Le Millénaire (Paris 19e) Rungis Orly Saclay Massy Villebon-Courtaboeuf EvryTour EQHO (La Défense) Courcouronnes €0 to €50 million €50 to €100 million €100 million Business Parks Property Investment Office Property Investment Property Development Property ManagementTour First (La Défense) La Factory (Boulogne) Tour Montparnasse (Paris 15e) Le Garonne, Metropolitan LOpéra, Metropolitan (Villejuif) (Villejuif)22
  32. 32. :( %5,1* /,)( 72 7+( ,7 / THE EXPANDING CITY The Parc des Closbilles operation in Cergy.QUESTIONS TO… Jean-Pierre Matton,Head of Public Partnerships and Greater Paris tor and the other in the private sector, putting us at just the right distance and creating just the right balance for us to FRPPXQLFDWH HƵHFWLYHO ZLWK DOO RI WKH project’s stakeholders.:KDW DUH ,FDGHšV PDLQ VWUHQJWKV RXOG RX JLYH XV VRPH H[DPSOHVZKHQ LW FRPHV WR HƵHFWLYHO RI ,FDGH SURMHFWV WKDW KDYH DOUHDGFRQWULEXWLQJ WR WKH 3DULV UHJLRQšV FRQWULEXWHG WR WKH GHYHORSPHQW RIYLEUDQF WKH 3DULV UHJLRQ Tram Bd McDonald-30 It has many, but I’ll mention just -30 2Q WKH RWKHU VLGH RI WKH ULQJ URDGWZR ƶUVW RI DOO ,FDGH KDV D JUHDW UHVHUYH we are creating nearly a thousand newof land right in the two inner rings of housing units through the Macdonald Vert O program.Paris. This land is of course useable for warehouse operation. In Cergy, withthe real estate projects that will help the Parc des Closbilles operation, nearlyto bring life to Greater Paris, making us b QHZ KRXVLQJ XQLWV ZLOO EH SUR-D NH SODHU LQ WKLV SURMHFW 2XU VHFRQG GXFHG LQ bSKDVHV 7KLV DOO KHOSV WR PHHWasset is our fundamental nature as a WKH WDUJHW RI bQHZ KRXVLQJ XQLWVcompany with one foot in the public sec- in Greater Paris. 23
  33. 33. ICADE / $118$/ 5(3257 Ş 5()(5(1( 280(17 The ZHOFRPLQJ FLWHerblay (95)(36 plots) housing unit + 6 houses$UFKLWHFW $XƵUHW
  34. 34. :( %5,1* /,)( 72 7+( ,7 / THE WELCOMING CIT YAs the city welcomes people of everyDJH DQG SURƶOH LW PXVW RƵHU D ODUJH UDQJHof high quality and varied services toits inhabitants. In shopping, recreation,education, sport and healthcare, IcadeRƵHUV UHDO HVWDWH VROXWLRQV WKDW PHHWthe many needs of its inhabitants.I cade’s vision is of an inclusive city. We are innovating and adapting our property solutions to new living and spending patterns, as well as the growing demand for property for healthcare facilities and for a high standard of care.Through its healthcare subsidiary, for more than 5 years Icadehas been making sustainable investments in clinics, which havemade it the leading property investment company in the sector.In 2012, Icade further stepped up its investments in clinics, so asWR RZQ D ƷHHW RI IDFLOLWLHV DEOH WR PHHW WRGDšV DQG WRPRUURZšVpublic healthcare needs.In 2011, we opened the Millénaire shopping centre, at Les Portesde Paris. This new ultra high quality shopping complex, embod-LHG E LWV RXWVWDQGLQJ DUFKLWHFWXUH LV QRZ EHQHƶWLQJ IURP WKHintensive development of the Portes de Paris, both in terms oftransport services and new inhabitants and users. 65 )286 :KLOH LW LV PDLQO DFWLYH LQ FRPPHUFLDO SURSHUW ,FDGHšV RSHUDWLRQV DOVR LQFOXGH WKH FRQVWUXFWLRQ RI SXEOLF DPHQLWLHV KRXVLQJ XQLWV DQG KHDOWKFDUH IDFLOLWLHV ,W LWV LQYROYHG LQ WKH EXLOGLQJ RI WKH UHJLRQDO KRVSLWDO FRPSOH[ LQ 2UO«DQV ZKLFK LV WKH st )UHQFK KRVSLWDO FRPSOH[ WR EH DZDUGHG +4(® FHUWLƶFDWLRQ ,FDGH LV DOVR LQYROYHG LQ WZHQW RU VR HQYLURQPHQWDOOIULHQGO GLVWULFW SURMHFWV across France. As with Les Portes de 3DULV LQ WKHVH SURMHFWV LW LPSOHPHQWV LWV YLVLRQ RI D VXVWDLQDEOH FLW FRPELQLQJ RƸFHV ZLWK VKRSV DQG KRXVLQJ XQLWV 25
  35. 35. ICADE / $118$/ 5(3257 Ş 5()(5(1( 280(17+HDOWKFDUH,QYHVWLQJ IRU WRPRUURZ,FDGH LV WKH OHDGLQJ )UHQFK KHDOWKFDUH SURSHUW LQYHVWRU RZQLQJ KHDOWKFDUH IDFLOLWLHV % JUHDWO GHYHORSLQJ LWV DFTXLVLWLRQV DQG EULQJLQJin new investors in 2012, Icade is proving its long-term vision.+HDOWKFDUH LV D JURZLQJ FRQFHUQ IRU WKH )UHQFK XUUHQWO RI VXUJLFDO LQWHUYHQWLRQV DQG RI KRVSLWDO VWDV DUH SURYLGHGE WKH SULYDWH VHFWRU 2YHU WKH SDVW HDUV ,FDGH KDV WKHUHIRUHcreated a portfolio of 55 healthcare facilities through its subsidi-DU ,FDGH 6DQW« PRVWO VSHFLDOL]LQJ LQ JHQHUDO PHGLFLQH VXUJHUobstetrics and to a lesser degree follow-up care, re-education andpsychiatry.Through its investments in the healthcare sector, it is assisting withthe restructuring and concentration of private sector operators,IRU ZKRP WKH RXWVRXUFLQJ RI SURSHUW RƵHUV JUHDWHU HFRQRPLFHƸFLHQF % EXLQJ KHDOWKFDUH IDFLOLWLHV DQG OHDVLQJ WKHP WRoperators for a minimum 12-year period, Icade allows them toLQFUHDVH WKHLU KHDOWKFDUH RƵHU DQG RSWLPL]H WKHLU EXVLQHVV PRGHO Vedici. François Chénieux Clinic. Limoges (87).)RU ,FDGH LQYHVWLQJ LQ FOLQLFV KDV D VRFLDO JRDO DV D VXEVLGLDU RIDLVVH GHV «S¶WV WKH FRPSDQ KDV D VRFLDO UROH WR SOD DV D ORQJWHUP LQYHVWRU VHUYLQJ WKH JHQHUDO LQWHUHVW % FRQFHQWUDWLQJ LWVinvestments on healthcare areas where needs will grow, and byJLYLQJ SULRULW WR ZHOOORFDWHG IDFLOLWLHV RI D VLJQLƶFDQW VL]H PRUHWKDQ bEHGV IRU JHQHUDO PHGLFLQH VXUJHU DQG REVWHWULFV
  36. 36. LW LVcontributing to the development of a supply of high quality health-care that caters for the needs of the population.These investments are also in keeping with a partnership approachWRZDUGV RSHUDWRUV ,FDGH KDV IRU LQVWDQFH VLJQHG ƶUP OHDVHV ZLWK bWHQDQW FOLQLF RSHUDWRUV WKDW LW DVVLVWV ZLWK WKHLU GHYHORSPHQWThis growth momentum was strengthened in 2012 by open-ing up the division to 4 long-term institutional investors (lifeLQVXUDQFH
  37. 37. ,FDGH 6DQW« UDLVHG ſ PLOOLRQ RI RXWVLGH FDSLWDODOORZLQJ LW WR FRQVROLGDWH LWV SRVLWLRQ E PDNLQJ ſ PLOOLRQ *«Q«UDOH GH 6DQW« 3ULYDWH KRVSLWDO 9LOOHQHXYHGš$VFT
  38. 38. of investments in 2012.26
  39. 39. : ( % 5 , 1 * / , ) ( 72 7 + ( , 7 / THE WELCOMING CIT Y CIMROR. Médi-Partenaires Clermont-Ferrand (63).QUESTIONS TO… )UDQ©RLVH HOHWWUH ,$( 6$17‹š6 .( ),*85(6Icade’s head of public and healthcare amenities st SURSHUW with them to requests for quotations for clinics for sale, on the basis that investor LQ WKH )UHQFK KHDOWKFDUH Icade Santé will be the owner. sector :KDW ZLOO ,FDGH 6DQW«šV IXWXUH VWUDWHJ EH WR FRQWLQXH H[SDQG- LQJ LWV WHUULWRU ſ EQ of assets ) This partnership with healthcare facility operators gives them the 55 capacity to develop while relying IDFLOLWLHVHow does Icade assist on a stable partnership and gives Icade Santé an additional avenue forLWV KHDOWKFDUH SDUWQHUV sourcing. This makes it possible for HDUV) +HDOWKFDUH IDFLOLWLHV DUH SXUFKDVHG an ambitious investment program to $YHUDJH UHVLGXDOunder partnership agreements entail- be implemented with Icade Santé’s WHUP RI OHDVHVing systematic consultation. Icade operator partners without neglectingSanté can in this way respond to market opportunities with other play-requests from operating partners to ers. This partnership approach will beoutsource the clinics that they own continued in the future and will giveand above all assist them with their Icade Santé the means to achieve itsdevelopment projects by responding ambitions while remaining selective. 27
  40. 40. A WORD FROM… KHDOWKFDUH SDUWQHUV Villar Bruges Clinic (33). %(127 +$67$,1* Head of 0 $ DQG HYHORSPHQW 0«GL3DUWHQDLUHV “As the third private healthcare operator by :H VHOHFWHG ,FDGH 6DQW« IROORZLQJ D UHTXHVW IRU volume and with one of the highest profit TXRWDWLRQV LQ ,W VWRRG RXW DV D OHDGLQJ VROLG PDUJLQV LQ WKH VHFWRU ZH GHFLGHG WR RXWVRXUFH expert operator. We wanted to find a partner with our real estate to achieve precise objectives: ZKRP ZH FRXOG EXLOG D ODVWLQJ UHODWLRQVKLS DQG developing our resources dedicated to ,FDGH EDFNHG E DLVVH GHV «S¶WV FDPH RXW DV DFTXLVLWLRQV LQFUHDVLQJ RXU ILQDQFLDO FDSDFLW the ideal property investment company. We sold for our future projects and reducing our debt. LW RXU SURSHUW DVVHWV LQ WKUHH SKDVHV WKH ODVW RI Outsourcing our real estate also allowed us to ZKLFK ZDV FRPSOHWHG DW WKH HQG RI IRU D WRWDO refocus on our core business. We wanted to work DPRXQW RI ſbPLOOLRQ with a “property investor/developer” who would Icade Santé perfectly answered our wish to have offer us the benefit of their technical expertise a real partner: we are now working on developing and their stated ambition in the healthcare WKH SRWHQWLDO WKDW OLHV LQ RXU IDFLOLWLHV ,Q WKH IXWXUH VHFWRU ZKR ZRXOG DVVLVW XV ZLWK RXU RUJDQLF we expect Icade Santé to help us to optimize our growth by financing the outfitting and extensions property platform through its expertise in technical UHTXLUHG IRU WKH GHYHORSPHQW RI RXU QHZ areas such as energy consumption.” DFWLYLWLHV EXW ZKR PLJKW DOVR DFW DV D SDUWQHU LQ DFTXLVLWLRQV E DVVLVWLQJ ZLWK WKH SURSHUW DVSHFW 28
  41. 41. :( %5,1* /,)( 72 7+( ,7 / THE WELCOMING CITY Parc Castelnau-le-Lez Clinic (34) . 7HUWUH 5RXJH OLQLF
  42. 42. (0(5, 6(59,1+HDG RI SURSHUW LQYHVWPHQWU«GLW $JULFROH $VVXUDQFHVţ$V LQYHVWRUV ZH ƶUVW RI DOO LQYHVWHG LQ KHDOWKFDUH SURSHUW WKURXJKnursing homes. We then decided that a further opportunity lay inFRQWLQXLQJ ZLWK WKLV GLYHUVLƶFDWLRQ E ORRNLQJ WRZDUGV KHDOWKFDUHfacilities. This is why we warmly welcomed the proposed partnershipZLWK ,FDGH WR LQYHVW ZLWK RWKHU KLJK TXDOLW SDUWQHUV LQ ,FDGH6DQW« :H EHOLHYH WKDW WKLV LV D VHFWRU RI GLYHUVLƶFDWLRQ WKDW LV YHUcomplementary with what we have already applied to our investmentSRUWIROLR LQ D VHFWRU WKDW ZH FRQVLGHU WR EH VWUDWHJLF 7KLV LQYHVWPHQWRƵHUV XV WKH DWWUDFWLYH UHWXUQV DQG YDOXDWLRQ WKDW DUH YHU PXFK WKHdetermining factors in our property investment policy. Icade Santé isnow showing that it is worthy of all the faith that we put in it.” 29
  43. 43. ICADE / $118$/ 5(3257 Ş 5()(5(1( 280(176KRSV 2ƵHULQJQHZ H[SHULHQFHV7KH 0LOO«QDLUH VKRSSLQJ FHQWUH LQFOXGHV Pt RI VKRSVand restaurants, inviting visitors to shop at the water’s edge.Le Millénaire, designed by the architect Antoine Grumbach, housesPRUH WKDQ bUHWDLO EDQQHUV DQG UHVWDXUDQWV RI HYHU GHVFULSWLRQin an exceptional location at the gateway to North Paris. The siteZDV WUDGLWLRQDOO RFFXSLHG E WKH (QWUHS¶WV HW 0DJDVLQV *«Q«UDX[de Paris and has kept the bricks and warehouses, while blendingin the modernity of glass, steel and wood. Its location at theZDWHUšV HGJH RƵHUV XQSUHFHGHQWHG DFFHVV WKURXJK D ULYHU VKXWWOHFRQQHFWLQJ LW WR 3DULV YLD WKH 6DLQWHQLV FDQDOSince the start of 2012, the Millénaire shopping centre hasEHQHƶWHG IURP DFFHVV WR QHZ SXEOLF WUDQVSRUW URXWHV H[WHQGLQJRI PHWUR OLQH ZLWK WKH )URQW 3RSXODLUH VWDWLRQ DQG RSHQLQJ RIthe T3 with a stop at Porte d’Aubervilliers. These new routes shouldhelp to increase visitors to the centre, which numbered more than6 million in 2012, and continue to raise its revenue. The shopping centre’s terraces.:KHQ WKH KHDG RƸFHV RI WKH 0LQLVWªUH GH OD -XVWLFH DQG 9HROLDEnvironnement move to the site and with the construction ofnew housing programs, more than 20,000 new inhabitants andHPSORHHV ZLOO EH UHVLGLQJ FORVH WR WKH FHQWUH LQ WKH QH[W bHDUV The shopping centre’s glass canopy. /H 0LOO«QDLUH VKRSSLQJ FHQWUH $XEHUYLOOLHUV
  44. 44. The shopping centre’s esplanade.30
  45. 45. : ( % 5 , 1 * / , ) ( 72 7 + ( , 7 / THE WELCOMING CIT Y Le Millénaire shopping centre. Aubervilliers (93). Architect: Grumbach.ENVIRONMENT TRANSPORT 6LQFH 7KH FHQWUHšV HQHUJ FRQVXPSWLRQ KDV EHHQ 7ZR QHZ URXWHV RƵHU DFFHVV WR WKH FHQWUHUHGXFHG E WKDQNV WR WKH RYHUKHDG IURP 3DULV XVLQJ SXEOLF WUDQVSRUWOLJKWLQJ IURP WKH JODVV FDQRSLHV DQG WKH Ũ PHWUR OLQH H[WHQGHG E WKH QHZ VWDWLRQDXWRPDWLF FRQWUROOLQJ RI OLJKW LQWHQVLW ZKLFK ţ)URQW 3RSXODLUHŤLV WULSSHG DFFRUGLQJ WR QHHGV DQG WKH QXPEHU Ũ WKH 7 7UDPZD FRQQHFWLQJ 3RUWH GHof visitors OD KDSHOOH WR 3RUWH GH 9LQFHQQHV YLD 3RUWH Gš$XEHUYLOOLHUV :DWHU FRQVXPSWLRQ LV OHVV WKDQ WKDW RI D ,Q VWDQGDUG FHQWUH WKDQNV WR UDLQZDWHU UHWHQWLRQ Ũ WKH 5RVD 3DUNV VWDWLRQ WKH QHZ VWRS RQWDQNV XVHG WR VSUD WKH JDUGHQV DQG FOHDQ WKH 5(5 ( (ROH
  46. 46. OLQH ZLOO VHUYH WKH 3RUWHWKH FRPPRQ DUHDV Gš$XEHUYLOOLHUV[ ,Q ®7KH FHQWUH KDV GXDO +4( RPPHUFH Ũ PHWUR OLQH ZLOO EH IXUWKHU H[WHQGHGDQG %5(($0® ([FHOOHQW FHUWLƶFDWLRQ E WKH VWDWLRQV $LP« «VDLUH DQG 0DLULH Gš$XEHUYLOOLHUV 31
  47. 47. A WORD FROM… VKRS RZQHUV at Le Millénaire 6DQGUD 5RXVVHORW PDQDJHU /LRQHO 5XHQ RI WKH YHV 5RFKHU VKRS DQG VDORQ KSHUPDUNHW GLUHFWRU DUUHIRXU “This centre is perhaps the best in the Paris region. “The hypermarket has been at the site since it was Come here once and you’re bound to come back! RSHQHG LQ $SULO :H ZHUH DWWUDFWHG E LWV It is also a great environment for working in. SUR[LPLW WR WKH FHQWUH RI 3DULV ZKLFK LV UDUH DQG , KDYH EHHQ KHUH VLQFH WKH RSHQLQJ LQ $SULO WKH VLWHšV RYHUDOO YLEUDQF ,W LV DOVR DQ DWWUDFWLYH RI P FXVWRPHUV DUH 3DULVLDQV ZKR ZRUN LQ clear and spacious site. the area and inhabitants of Seine-Saint-Denis Our main customers are the inhabitants of department. In the past few months visitors to the $XEHUYLOOLHUV EXW ZH DUH VHHLQJ LQFUHDVLQJ centre have risen. This is probably due to the new QXPEHU RI 3DULVLDQV VKRSSLQJ ZLWK XV FRPLQJ WUDQVSRUW URXWHV ZKLFK PDNH LW HDVLHU WR DFFHVVŤ IURP WKH th th DQG th districts.” 32
  48. 48. :( %5,1* /,)( 72 7+( ,7 / THE WELCOMING CITY%HUWUDQG 5LGDFNHU PDQDJHU 0D[LPH HWUH] KXPDQ UHVRXUFHV PDQDJHURI WKH 2SWLF VWRUH DW WKH )OXQFK $XEHUYLOOLHUV UHVWDXUDQW “I chose to set up in a shopping centre as it “Setting up in shopping centres is a major avenuewould bring in more customers than in a city for development for Flunch. We believe that theyFHQWUH ,WšV MXVW VXSHUE ZLWK YHU KLJK TXDOLW DUH SURƶWDEOH YHQXHV WKDW EULQJ LQ D FRQVWDQWarchitecture. stream of customers. So why this shopping0 FXVWRPHUV DUH HTXDOO PDGH XS RI 3DULVLDQV FHQWUH %HFDXVH LW EULQJV XV FORVHU WR 3DULV ZKHUHwho work within the Parc and the inhabitants ZH KDYH RQO WZR UHVWDXUDQWV DQG EHFDXVHof neighbouring towns. I believe greatly in the LW RƵHUV D YHU KLJK TXDOLW HQYLURQPHQWdevelopment of the local customer base for :H RSHQHG LQ HFHPEHU DQG ZH DUH QRZthe centre’s future.” WKH RQO UHVWDXUDQW RSHQ GDV D ZHHN XQWLO SP HYHQ RQ D 6XQGD DOWKRXJK WKH FHQWUHšV other shops are closed. Our customers are clearly split between two categories: “functional” diners ZKR ZRUN LQ WKH FHQWUH DQG URXQG DERXW ZKR FRPH DQG HDW XS WR SP DQG WKHQ PRUH IDPLO groups after 4pm and in the evening.” 33
  49. 49. ICADE / $118$/ 5(3257 Ş 5()(5(1( 280(177KH LQQRYDWLQJ FLW3434 Spi West. Lyon (69).
  50. 50. :( %5,1* /,)( 72 7+( ,7 / THE INNOVATING CITYIcade assists all of the city’s playerswith their management of new urbanchallenges, including adaptation to families’new living patterns, the integration ofseniors and the wish of companies todevelop a virtuous environmental approach.This focus on innovation reaches down intoWKH YHU FRUH RI LWV RUJDQL]DWLRQT omorrow’s city is being designed today: Icade upholds this conviction in developing an ambitious innovation policy.This was proven by three areas of innovation in 2012:5HDO HVWDWH LQQRYDWLRQ to cater for the increase in dependency,the new living patterns of families and the late departure of childrenfrom the parental home, Icade has developed the “Patios liberté®”DQG %,+20(® concepts.(QYLURQPHQWDO LQQRYDWLRQ the need to reduce energy costs isprompting companies to rethink their property decisions, their livingpatterns and their pattern of consumption at work. Icade advisesthem and guides them, notably by helping them to look ahead tothe future rollout of the “green lease”, with very positive results interms of reducing consumption.3URFHVV DQG JRYHUQDQFH LQQRYDWLRQ an innovative company isDOVR D FRPSDQ WKDW NQRZV KRZ WR PDNH SLRQHHULQJ GHFLVLRQV )RUseveral years, Icade has pursued a policy of increasing the numberof women in its governance bodies, which currently puts it in thevanguard on this issue. 65 )286 ,QQRYDWLQJ E UHQRYDWLQJ LV WKH REMHFWLYH WKDW ,FDGH KDV VHW LWVHOI E ODXQFKLQJ WKH %%® 5HQRYDWLRQ ODEHOOLQJ RI VHYHUDO RI LWV DVVHWV ,Q WZR RI LWV PDLQ UHQRYDWLRQV ZHUH DZDUGHG WKLV ODEHO Le Beauvaisis at the Pont GH )ODQGUH DQG (TKR DW /D «IHQVH ,FDGH DOVR SURYLGHV LQQRYDWLYH VROXWLRQV WR DVVLVW LWV WHQDQWV SDUWLFXODUO LQFOXGLQJ WKH HQYLURQPHQWDO DSSHQGL[ WR WKH OHDVH WKDW LW VLJQV ZLWK FRPSDQLHV EDVHG RQ DFWXDO FRQVXPSWLRQ ƶJXUHV UDWKHU WKDQ WKHRUHWLFDO HVWLPDWHV 35
  51. 51. ICADE / $118$/ 5(3257 Ş 5()(5(1( 280(17/DERUDWRU IRU QHZ WUHQGVAlways ahead of the environmental regulations.,Q ,FDGH GHYHORSHG QHZ RƵHUV WKDW DQWLFLSDWHand amplify future standards.$Q XQSUHFHGHQWHG +4(® 8UEDQ HYHORSPHQWDJUHHPHQW ZLWK HUJ3RQWRLVHIn September 2012, Icade and the town of Cergy-Pontoise an-QRXQFHG WKH VLJQLQJ RI D +4(® 8UEDQ HYHORSPHQW DJUHHPHQW RQthe operational launch of the “Parc des Closbilles” urban develop-ment project. The aim of this project managed in close collaborationis to create a residential area that is exemplary in terms of sustainabledevelopment, and is bold and innovative on the scale of an urbandistrict. The operation proposes unprecedented solutions promot-LQJ JHQHUDWLRQDO GLYHUVLW HQHUJ HƸFLHQW EXLOGLQJV HƸFLHQW ZDWHUmanagement, environmentally-friendly construction, living comfort,WKH HƵHFWLYH PDQDJHPHQW RI VSDFHV DQG WKH LQWURGXFWLRQ RI JUHHQJRYHUQDQFH WR JXDUDQWHH HƵHFWLYH DQG VXVWDLQDEOH PDQDJHPHQW7KH HQYLURQPHQWDO DPELWLRQ GHYHORSHG E ,FDGH LV UHƷHFWHG LQ FHU- The HQE® 8UEDQ HYHORSPHQW DJUHHPHQW VLJQHG ZLWK the town of Cergy for the Closbilles real estate program.WLƶFDWLRQ DQG ODEHOOLQJ SURJUDPV IRU WKH ZKROH RI WKH SURMHFW +4(®8UEDQ HYHORSPHQW FHUWLƶHG E HUWLY«D 1) /RJHPHQW G«PDUFKH LE PARC DES CLOSBILLES:+4( %% (ƸQHUJLH 57
  52. 52. + ( DQG 4XDOLWHO3LHUUH 9DFDQFHV ƶUVW DVVHVVPHQW ha $ SDUN FRYHULQJIRU WKH JUHHQ OHDVH P RI KRXVLQJ XQLWVThere has been a relationship of trust between Icade and Groupe3LHUUHb b9DFDQFHV IRU PRUH WKDQ HDUV 7KH FRPSDQ FKRVH WR KRXVLQJ XQLWV DQG UHVLGHQFHV
  53. 53. VHW XS LWV RƸFHV LQ SUHPLVHV QHZO EXLOW E ,FDGH LQ DW WKH (1) 401 collective housing units available for purchase,3RQW GH )ODQGUH VLWH $V IRU DQ ƷRRU DUHD H[FHHGLQJ bP2 the bLQGLYLGXDO KRXVLQJ XQLWV DYDLODEOH IRU SXUFKDVH LQVWLWXWLRQDO*UHQHOOHb,, ODZ UHTXLUHV WKH VLJQLQJ RI D JUHHQ OHDVH DV IURP -DQXDU UHQWDO FROOHFWLYH KRXVLQJ XQLWV bVXEVLGL]HG DJHLQFOXVLYH residence with 79 housing units, 1 subsidized student residence1, 2012, the two companies, wishing to improve their environmental ZLWK bEHGURRPV EXVLQHVV UHVLGHQFH ZLWK KRXVLQJ XQLWVperformance, decided to get ahead of schedule. An environmentalappendix was therefore concluded in 2009. This committed the twocompanies to conducting an audit of energy and water consump-tion and estimating the building’s waste production. It also required 65 )286PDSSLQJ RI WKH EXLOGLQJšV WHFKQLFDO HTXLSPHQW )LQDOO LW UHTXLUHG $V SDUW RI LWV HQHUJ HƸFLHQF SROLFthe implementation of action plans to reduce water and energy ,FDGH KDV LQWURGXFHG HQYLURQPHQWDOconsumption and reduce waste production. Three years later, and PDSSLQJ HQHUJ FDUERQ ZDWHUwithout any improvement works, the performance achieved is re- DQG ZDVWH
  54. 54. RI LWV RƸFH DVVHWVmarkable! Energy and water consumption have been reduced by 7KLV GHWDLOHG PDSSLQJ FRYHULQJ WKH DQG DQG ZDVWH SURGXFWLRQ E 7KLV LV DOO GXH WR VLPSOH ţVLJQLƶFDQWŤ EXLOGLQJV LQFOXGHG LQ ,FDGHšVinitiatives, such as stopping lighting buildings at night. SURSHUW DVVHWV SURYLGHV LQIRUPDWLRQ DERXW WKH FRQVXPSWLRQ OHYHOV RI HDFK EXLOGLQJ DQG WKH EXLOGLQJšV HQHUJ ZDWHU DQG ZDVWH HTXLSPHQW 7KLV JLYHV ,FDGH D UHDO DQG PHDVXUDEOH EDVLV IRU DVVHVVLQJ WKH HQYLURQPHQWDO FRQGLWLRQ RI LWV SURSHUW DVVHWV VR WKDW LW FDQ GHYLVH SRVVLEOH FRUUHFWLYH DFWLRQV DQG SULRULWLHV LQ WHUPV RI HQYLURQPHQWDO SHUIRUPDQFH IRU WKH QH[W IHZ HDUV GUDZLQJ RQ WKH HQYLURQPHQWDO DSSHQGLFHV JUHHQ OHDVHV
  55. 55. SXW LQ SODFH ZLWK LWV WHQDQWV36
  56. 56. :( %5,1* /,)( 72 7+( ,7 / THE INNOVATING CITY With the Bihome® and “Patios liberté®” solutions, Icade has become a pioneering player in new residential living patterns for families and seniors.6RFLDO FKDQJHV DGDSWDEOH KRXVLQJThe ageing of the population, the loss of independence of seniors,DQG DOVR WKH KRXVLQJ GLƸFXOWLHV REOLJLQJ RXQJ SHRSOH WR VWD LQ WKHparental home for longer are, for Icade, all social changes that havea major impact on the way in which residential property is designed.This property must adapt to new ways of living together and makethe daily lives of its occupants easier. Two projects started in 2012SHUIHFWO HPERG WKLV VWDWH RI PLQG 7KH ƶUVW 3DWLRV OLEHUW«®Ť RƵHUVa new generation of housing units/homes that maintain the inde-pendence of their inhabitants while adapting to their needs givenreduced mobility.The second, %,+20(®, is a housing concept designed to adapt tothe changing living patterns of their owners. It consists of a mainapartment to which a second living space is added that has its ownfacilities and is intended to house a loved one or student or to be 3LHUUH0DULH KDSRQused for working from home. This space has two entrances: one Head of research - Médico-social Divisionthat gives directly onto the apartment and a second entrance that 7RZQV DQG DJHLQJ ,FDGH VKDUHVis completely independent. LWV H[SHUWLVH ZLWK WKH 81 ,Q 1RYHPEHU 3LHUUH0DULH KDSRQ KHDG RI UHVHDUFK ZLWKLQ ,FDGHšV PHGLFRVRFLDO GLYLVLRQ ZDV LQ- YLWHG E WKH 8QLWHG 1DWLRQV (FRQRPLF RPPLVVLRQ IRU (XURSH 81((
  57. 57. DW WKH 81šV KHDG TXDUWHUV LQ *HQHYD WR SUHVHQW D UHSRUW RQ WKH ţ/šDGDSWDWLRQ GHV YLOOHV DX YLHLO- OLVVHPHQWb HQMHX[ GšDP«QDJHPHQW HW GH JRXYHUQDQFHŤ Patios liberté ® 7KH DGDSWLQJ RI WRZQV WR DJHLQJ XUEDQ GHYHORSPHQW DQG JRYHUQDQFH FKDOOHQJHV
  58. 58. ZKLFK KH FRRUGLQDWHG RQ ,FDGHšV EHKDOI IRU WKH 6WUDWHJLF $QDOVLV HQWUH 37
  59. 59. A WORD FROM… DUFKLWHFWV /( *$5$1( 7KH 7 SURMHFW 3$125$0$ %ULJLWWH 0HWUD DUFKLWHFW 0DUF 0LPUDP DUFKLWHFW In designing Le Garance, a mixed property project Marc Mimram designed the building/ at the heart of the 20th district of Paris, Brigitte Métra, bridge project the Panorama, a 25,000 m2 architect and urban developer, prioritized blending EXLOGLQJ KRXVLQJ RƸFHV DQG VKRSV LQ with the urban environment. the 13th district of Paris. ţ:KDW PDNHV /H *DUDQFH LQQRYDWLYH LV DERYH DOO WKDW “The Panorama has four innovative components it is one of the largest urban mixing projects in Paris that coexist in a balanced and consistent way: ZLWK D XQLTXH LQWHJUDWHG DUFKLWHFWXUH DQG P WKH XUEDQ FRPSRQHQW ZLWK D EXLOGLQJ GHVLJQHG RI EXLOW ƷRRU DUHDV FRPELQLQJ IXQFWLRQV D EXV FHQWUH WR EHQHƶW IURP WKH XUEDQ KRUL]RQ WKH WHFKQLFDO FRPSULVLQJ WZR EDVHPHQW ƷRRUV DEOH WR DFFRPPRGDWH component as a building had to be built above QHDUO YHKLFOHV D PDLQWHQDQFH ZRUNVKRS RQ JURXQG OHYHO FURVVLQJ D P VSDQ WKH XVH WKH JURXQG ƷRRU DOO IRU WKH 5$73 D VFKRRO D FUHFKH FRPSRQHQW ZLWK GRXEOH DVSHFW VSDFHV PXOWLSOH bP RI RƸFH VSDFH DQG VKRSV JLYLQJ RQWR D YHU WHUUDFHV ORJJLDV EDOFRQLHV RXWGRRU H[WHQVLRQV ODUJH JDUGHQ 7KLV LV DOVR D PDMRU ƶUVW DV LW LV WKH ƶUVW WLPH WKDW DUH DOVR OLYLQJ DQG ZRUN VSDFHV DQG ƶQDOO that permission has been given to build in the city centre WKH HQYLURQPHQWDO FRPSRQHQW DOO RI WKH above a bus depot with a fuel station. What is remarkable structures being organized according to the sun’s LV WKDW GHVSLWH WKH H[WUHPH FRPSOH[LW RI WKH SURMHFW SDWK :H WKHUH KDG IRXU FRQGLWLRQV ZKLFK ZKHQ WKHUH LV D ZLVK VKDUHG E DOO RI WKH SODHUV WKH 5$73 EURXJKW WRJHWKHU ZHUH D VRXUFH RI FUHDWLYLW ,FDGH WKH 0DLULH GH 3DULV DQG WKH DUFKLWHFW

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