Icade and Vilogia: the Descartes student residence in Longuenesse to be delivered in 2027
Icade and Vilogia marked progress on the construction site of the Descartes residence in Longuenesse, dedicated to students and young professionals. The project is part of Icade Promotion's strategic focus on territories in the North and Grand Ouest regions.
The Descartes residence, acquired by Vilogia, will comprise 103 housing units, including 70 student studios subsidized under PLS (Social Rental Loan) and 33 apartments intended for young professionals subsidized under PLAI (Integration Social Rental Loan) and PLUS (Social Use Rental Loan).
The complex will offer various services, including a laundry facility, a bicycle storage area and access to a common room. The project includes the creation of 31 outdoor parking spaces, including 2 disabled access spaces.
Located on René Descartes Avenue, the residence benefits from proximity to student facilities, such as the IUT, as well as the Saint-Omer employment basin. Delivery is scheduled for June 2027.
Landscaping and local plant species on the site
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The project proposes contemporary architecture designed to coexist with the existing context. All non-built spaces and spaces not dedicated to parking will be landscaped, representing approximately 3,000 m² of in-ground green spaces, and 16 trees will be planted.
The selected vegetation will consist exclusively of local species. According to Jérémy Buisine, Regional Director for the Hauts-de-France region at Icade Promotion, the project was realized within tight timeframes compared to usual standards, thanks to collaboration with the City of Longuenesse and the Saint-Omer Country Agglomeration Community (CAPSO).
Dans ce contexte, le Groupe est prudent et communiquera sa guidance pour l'exercice 2027 lors de la publication des résultats annuels
Risks mentioned
Environnement économique et financier dégradé, marqué par la persistance des conflits au Moyen-Orient
Climat politique incertain en France et remontée significative des taux d'intérêt
Ralentissement du marché immobilier avec attentisme des acquéreurs et des utilisateurs
Opportunities identified
Cession de l'immeuble Marignan générant une plus-value de 255 millions d'euros
Acquisition de Comet, acteur de l'événementiel corporate, pour développer la transformation digitale
Partenariat avec la Banque des Territoires pour investir 240 millions d'euros dans les résidences étudiantes
Outlook / guidance
Management commentary: Icade confirme son objectif de Cash-Flow Net Courant Groupe pour 2026, attendu entre 2,90 € et 3,10 € par action
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