Icade Inaugurates 65 Housing Units in Épinay-sur-Seine, Marking the First Phase of the Orgemont Project
Icade inaugurated on Monday the Métamorphose program in Épinay-sur-Seine (93), consisting of 65 new housing units marking the first phase of the Orgemont neighborhood's redevelopment. This operation is part of a broader urban transformation project involving the city, Grand Paris Habitat, Icade, and Plaine Commune.
Less than two years after the start of construction, the Métamorphose program welcomes its first residents. Designed by architect Badia Berger, the complex includes 29 free-market collective housing units and 36 social housing units transferred to Grand Paris Habitat (CDC Habitat).
All housing units were sold upon delivery. The program complies with the RE2020 regulation and has achieved level 1 of the biosourced label. The operation incorporates reused materials in accordance with the Plaine Commune charter and has increased the presence of nature: 45% of the plot is now green, with one-third of it being open soil.
Transformation of the Orgemont Neighborhood Through 2040
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In the Orgemont neighborhood, which spans nearly 80 hectares, Icade and Grand Paris Habitat are coordinating their efforts to transform 2,500 housing units by 2040. CDC Habitat is undertaking the renovation of 1,102 housing units, while Icade plans to demolish 1,112 housing units and rebuild 1,300 by the same timeline.
Ultimately, the neighborhood will feature 67% free-market housing, 20% social rental housing, and 10% intermediate rental housing, across a floor area exceeding 90,000 m². Plaine Commune Développement is managing the public spaces and coordinating this transformation aimed at opening up the neighborhood and reintroducing social diversity.
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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