Icade Sells Le Mauvin Business Park to Sogaris for €69 Million

Reuters12-20
Icade Sells Le Mauvin Business Park to Sogaris for €69 Million

Icade SA has completed the sale of the Le Mauvin business park in Aubervilliers, located north of Paris, to Sogaris for €69 million excluding duties. The fully leased business park consists of 11 properties with a total floor area of around 21,000 square meters and serves tenants from the logistics, industrial, quantum computing, and construction materials sectors. This transaction is part of Icade’s strategy focused on value creation and asset rotation within its Property Investment Division. The sale was conducted through a competitive bidding process facilitated by CBRE, Colliers, and Étude Cheuvreux.

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