Following the example of Barcelona and London, the Games will ramp up development in the areas involved. Faster expansion of transport infrastructure: very positive impact on Icade’s portfolio Icade’s portfolio in the north of Paris (625,400 sq.m of floor area in operation) and land bank located in the heart of the event will greatly benefit from improved transport including, among others, the linking of Tram Line T8 to the centre of the Portes de Paris business park in 2024, thus connecting the north of Paris and the Olympic site
The introduction of Tram Line T8 represents another major advantage for Icade’s Commercial Property Investment Division—it will positively impact close to 60% of its development pipeline and an additional 350,000 sq.m of its land bank. Development projects include the Pulse building which will offer 28,000 sq.m of office space (to be completed at the end of 2018) and the SmartMaker by Icade building which will comprise 9,500 sq.m (digital centre) (to be completed at the end of 2019). Other ongoing and planned projects will add nearly 140,000 sq.m of office and hotel space to Icade’s property portfolio in the Millénaire and Portes de Paris business parks.
Icade and Plaine Commune: our partnership takes shape and is strengthened by the Olympics
Joint reflection on the planning of the Portes de Paris business park, including housing units, offices, public amenities and green spaces reached a milestone in March 2017 with the signing of a memorandum of understanding setting out development directions. Icade intends to make the Portes de Paris business park a leading player in the Plaine Commune area, not only in terms of economic appeal and urban and social development, but also in terms of its lead in respect of sustainable development.
