Icade transforms a former Neuilly hotel into 166 family apartments
As part of its urban recycling strategy implementation, Icade inaugurated with Artbridge Investments a residential complex resulting from the transformation of a former hotel in Neuilly-sur-Seine. The operation illustrates the developer's approach of leveraging existing buildings rather than new land acquisitions.
A former 280-room hotel transformed into 166 apartments
On September 3, 2026, Icade and Artbridge Investments inaugurated the "58 Victor Hugo" residence in Neuilly-sur-Seine, in the presence of mayor Jean-Christophe Fromantin. Acquired by Icade Promotion and Artbridge Investments in 2022, the former 280-room hotel was transformed into 166 family apartments, over a total area of approximately 16,000 m² incorporating nearly 1,800 m² of extension through upper floors and additional structures.
The project was designed by Ory.Architecture. Each apartment has access to a private outdoor space, with top-floor units benefiting from rooftop terraces, for a total of over 4,500 m² of private outdoor spaces. The residence also includes common areas dedicated to wellness, including an indoor swimming pool and fitness room.
Mixed programming and environmental objectives
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The operation is based on programming distributed across five separate buildings: 84 apartments for sale, 32 apartments acquired by AG2R La Mondiale and available for rent, and 50 social housing units (PLAI, PLUS, PLS) acquired by Vilogia. The acquisition of the latter was made possible through financial support from the State, the Île-de-France Region, Action Logement and the City of Neuilly-sur-Seine.
The project aims to obtain BiodiverCity, BBC Effinergie Renovation and NF Habitat HQE certifications, with newly constructed sections complying with the 2020 environmental regulations (RE2020). Materials from the former hotel were recycled and reused. Nearly 3,000 m² of green spaces were developed: 28 trees were preserved during construction, while 37 additional trees and 1,500 shrubs were planted.
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
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
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