PARIS, 19-Mar-2018 — /EuropaWire/ — On March 14, 2018, Icade Promotion and REI Habitat signed a co-development partnership agreement with respect to several wood-based construction projects over the next few years in the Paris region and major French cities.
Their goals include:
- Stepping up wood construction in France and completing 200,000 sq.m of mixed wood and concrete buildings throughout the country in the next few years.
- Pooling their skills and spearheading an R&D programme on wood-based buildings of the future.
- Exploring innovative uses associated with ecology—urban agriculture, social economy, zerowaste objectives, reduced energy consumption, etc.
- Entering into an exclusive partnership with players in the French forestry and wood industry (carpenters, sawmill operators, forest management companies) consistent with shorter supply chains and traceability.
The projects resulting from this partnership, developed by Icade’s Urban Synergies, will be showcases for environmental transition in the construction industry and inventing the city of the future: Reinventing Cities C40, sites for Projects of National Significance (OIN), large-scale urban development projects, etc.
For Paul Jarquin, CEO and Chairman of REI Habitat: “The partnership that we are entering into represents close to €1 billion in estimated future revenue for the new French wood economy. It will enable our industry as a whole to become one of the international leaders in ecological building. ”
For Maurice Sissoko, Member of the Executive Committee in charge of the Property Development Division: “This partnership will enable us to innovate in order to step up environmental transition in the building sector. It’s in our DNA—due to its size, our group bears a special responsibility and intends to be one of the players who changes the way things are done.”
200,000 sq.m of new builds
Jobs created (direct and indirect): 10,500 FTE people
Timber used: 70 000 m3
Carbon avoided: 77,000 tonnes
Building for every future
As an investor and a developer, Icade is an integrated real estate player which designs innovative real estate products and services adapted to new urban lifestyles and habits. By placing corporate social responsibility and innovation at the core of its strategy, Icade is closely involved with stakeholders and users in the cities—local authorities and communities, companies and employees, institutions and associations… As a commercial and healthcare property investor (portfolio value of €10.8bn as of 12/31/17) and as a property developer (2017 economic revenues of €1.2bn), Icade is able to reinvent the real estate business and foster the emergence of tomorrow’s greener, smarter and more responsible cities. Icade is a significant player in the Greater Paris area and major French cities.
Icade is listed on Euronext Paris as a French Listed Real Estate Investment Company (SIIC). Its leading shareholder is the Caisse des Dépôts Group.
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ABOUT REI HABITAT
Very active in the Greater Paris project, REI Habitat positioned itself as a pioneer in wood-based construction in 2009 and, more broadly, as a developer focused on social and ecological innovation. Having experienced rapid growth and poised to become involved at the national level, the group has carried out a number of flagship projects, including the Wood’Up project (one of the tallest timber towers in Europe in the 13th district of Paris with the Phalsbourg company and LAN Architecte) or the Atelier de l’Arsenal project located at Place Mazas near the Bastille, winner of the “Reinventing the Seine” competition.