Icade Highlights Appeal of Sustainable Office Assets with Major Lease Renewal at Les Terrasses de l’Arche

Icade Highlights Appeal of Sustainable Office Assets with Major Lease Renewal at Les Terrasses de l’Arche

(IN BRIEF) Icade has renewed three leases with a French insurance company at the Grands Axes property complex in Nanterre, covering 58,000 sq.m of office space across the Axe 14, Axe 15 and Axe 16 buildings. The leases, which begin on January 1, 2028, will run for a firm nine-year period with no break option, extending the tenant’s presence at the site until 2036. The renewal builds on a partnership that began when the buildings were completed in 2006 and reflects the continued appeal of the complex’s location, workplace quality, amenities and environmental performance. Situated near La Défense and connected to the RER A and E lines, Grands Axes offers a campus-style office environment with restaurants, a public brasserie, cafeteria, concierge service, gym and wellness area. The buildings hold BREEAM In-Use Very Good and HQE Exploitation Very Efficient certifications and already meet the French service sector property decree’s 2030 target for a 40% reduction in energy consumption, strengthening Icade’s positioning around resilient and sustainable office assets.

(PRESS RELEASE) PARIS, 27-May-2026 — /EuropaWire/ — Icade has renewed three leases with a French insurance company for the Grands Axes property complex in Nanterre, extending the occupier’s commitment to the site until 2036 and reinforcing the attractiveness of Icade’s office assets in the area.

The transaction covers the Axe 14, Axe 15 and Axe 16 buildings located at Les Terrasses de l’Arche in Nanterre, representing the full 58,000 sq.m of office space within the complex. The renewal continues a long-standing relationship that began when the buildings were completed in 2006, underlining the tenant’s continued confidence in the quality, location and operational performance of the property.

The renewed leases will take effect on January 1, 2028 and will run for a firm nine-year term with no break option. The agreement represents a significant leasing milestone for Icade and demonstrates the enduring appeal of the Grands Axes complex among major corporate occupiers seeking well-connected, efficient and service-rich workplace environments.

Located close to the historic La Défense business district, the Grands Axes complex benefits from a strategic position in Nanterre and strong transport links. Its proximity to the RER A and RER E lines provides direct connectivity for employees and visitors, while the surrounding Les Terrasses de Nanterre area offers a dynamic urban setting supported by shops and services at ground-floor level.

The complex has been designed to combine flexibility, comfort and functionality for its users. Comprising three non-high-rise buildings, Grands Axes is structured around a bright internal thoroughfare and sunken courtyards that bring natural light into the working environment. This layout supports smooth movement between the buildings while creating open, welcoming spaces within a dense urban setting.

A wide range of services and amenities is available to occupiers, helping position the site as more than a traditional office complex. Facilities include staff restaurants, a public brasserie, a cafeteria, concierge services, a gym and a wellness area. Together, these features contribute to a campus-style business environment designed to support employee well-being, productivity and day-to-day convenience.

The Grands Axes buildings also reflect Icade’s focus on environmental performance and long-term asset resilience. The complex holds a BREEAM In-Use rating of Very Good and an HQE Exploitation rating of Very Efficient. In addition, the buildings already meet the target set under the French service sector property decree to reduce energy consumption by 40% by 2030 compared with a base year, demonstrating their alignment with energy transition and climate-related requirements.

Audrey Camus, Head of Icade’s Property Investment Division, said the lease renewals confirm both the intrinsic quality of the assets and their prime location near La Défense. She also highlighted Icade’s ability to develop long-term partnerships with clients and thanked the teams involved for helping create value for both parties in line with the company’s strategy.

Icade’s upcoming financial calendar includes its 2026 General Meeting on Wednesday, June 10, 2026, followed by the ex-date for a gross distribution of €1.92 per share on June 23, 2026 and payment on June 25, 2026. The company is also scheduled to release its 2026 half-year results on Tuesday, July 21, 2026 after market close, and its nine-month 2026 trading update on Tuesday, October 20, 2026 after market close.

Icade is a real estate company focused on making cities more liveable and sustainable. Its activities combine property investment, with a portfolio valued at €6.1 billion as of December 31, 2025, including 100% and the Group share of joint ventures, and property development, which generated 2025 economic revenue of €1.1 billion. Working with clients, elected officials and partners across France, Icade supports the development of cities that are more respectful of nature and better aligned with evolving ways of living, working and travelling. The company is listed as an SIIC on Euronext Paris, with the Caisse des Dépôts group as its leading shareholder.

ABOUT ICADE
Icade is a real estate player that strives to make cities more pleasant places to live for everyone. Icade combines expertise in property investment (portfolio worth €6.1bn as of 12/31/2025 – 100% + Group share of joint ventures) and property development (2025 economic revenue of €1.1bn), supporting clients, elected officials and partners throughout France in building the city of tomorrow. A city more respectful of nature and more aligned with the way we live, work and travel. Icade is listed as an “SIIC” on Euronext Paris, with the Caisse des Dépôts group as its leading shareholder. The text of this press release is available on the Icade website: www.icade.fr/en

CONTACTS
Anne-Violette Faugeras Marylou Ravix
Head of Corporate Finance External Communications Manager
+33 (0)7 88 12 28 38 +33 (0)7 88 30 88 51
anne-violette.faugeras@icade.fr marylou.ravix@icade.fr

SOURCE: ICADE