Icade SA is a diversified French real estate investment trust (REIT) headquartered in the Paris area, specializing in commercial property investment and development. Founded in 1954 as a subsidiary of Caisse des Dépôts et Consignations, it manages a portfolio valued at approximately €6.4 billion in fully owned assets as of late 2024, encompassing offices, business parks, healthcare facilities, shopping centers, warehouses, and public sector properties. The company operates through key segments including Commercial Property Investment, which focuses on holding, developing, and renting office buildings and business campuses, and Property Development, involving the sale of built assets. Icade SA emphasizes sustainable practices, urban regeneration, and long-term asset management, particularly in healthcare with high-occupancy clinics and facilities under stable leases. Major shareholders include the French government via Caisse des Dépôts (39.2%) and Crédit Agricole Assurances (18.85%), underscoring its strong institutional backing. With subsidiaries like Arkadea and ANF Immobilier, Icade SA plays a pivotal role in shaping responsible real estate across France, contributing to eco-friendly urban environments and community-focused projects.