Icade Publishes '2050, The Odyssey of the City', a Design-Fiction Magazine to Imagine the City of 2050
On Thursday, Icade releases a design-fiction magazine titled '2050, The Odyssey of the City', envisioning the urban transformation by 2050. This forward-looking project is part of the real estate player's strategy to position its role in building the future city.
A Tale of Urban Anticipation Co-Written by Science Fiction Authors
The magazine, co-written by Romain Lucazeau and Marguerite Imbert (winners of the Grand Prix de l'Imaginaire), narrates the odyssey of Ulysses, an astronaut returning to Earth after twenty years who rediscovers his transformed hometown. The story explores future uses and architectures: multifunctional buildings that change their purpose according to needs, green corridors integrating biodiversity into the urban core, urban nomadism responding to evolving lifestyles, offices reinvented for more flexibility and collaboration, renaturing of major tertiary infrastructures, and refuge places in case of crises.
Each chapter is supplemented with interviews from experts (geographers, demographers, scriptwriters), architects' notebooks, and illustrations. The project is based on a reflection led by Icade for over a year and a half, in collaboration with Sonia Lavadinho (urban anthropologist), Maud Caubet (architect) and Madeleine Masse (urban planner and architect).
A Vision to Justify the Urgency of Transforming Today
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Icade justifies this approach by the urgency to transform urban spaces to build a more sustainable, resilient, and humane city by 2050. According to Véronique Mercier, Director of CSR, Communication and Public Affairs, the fiction is based on 'very concrete reflections and projects that will be launched in the coming months'. The publication is presented as an invitation to reflection addressed to local elected officials and mayors, as well as those who 'think and make the city', to adapt urban projects to the uses and demographics of 2050.
Confirmation de la guidance annuelle 2026 avec un CFNC Groupe attendu entre 2,90 € et 3,10 € par action
Risks mentioned
Baisse de valeur du patrimoine de -3,1 % à périmètre constant, dont -2,8 % sur les bureaux
Réversion négative attendue sur les renouvellements de baux, potentiel de -7,1 % sur les loyers faciaux
Coût moyen de la dette en hausse à 1,85 %, attendu à environ 2 % fin 2026 ; ICR dégradé à 3,8x
Opportunities identified
Promesse de vente des actifs de santé au Portugal, environ 75 M€ en quote-part Icade
Acquisition des 49 % de la Tour Eqho avec un rendement supérieur à 8 %, relutive sur le CFNC
Réservations résidentielles en hausse de 11,9 % en volume et 6,4 % en valeur
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