Générale Continentale Investissements and BlackRock Real Assets singed a preliminary agreement to acquire Millénaire 4 building at Millénaire business park from Icade (ENXTPA:ICAD) for approximately €190 million on December 21, 2021. The proceeds from the sale of Millénaire 4 will enable Icade to launch new projects in this rapidly changing area by leveraging some of its land holdings. The transaction is expected to be completed in March 2022.

Hugues Moreau of Gide Loyrette Nouel A.A.R.P.I. acted as legal advisor to Icade. David Lacaze, Isabelle Augais, and Bruno Knadjian of Herbert Smith Freehills Paris LLP acted as legal advisor to Générale Continentale. De Pardieu Brocas Maffei and Gide Loyrette Nouel A.A.R.P.I. acted as legal advisors to BlackRock Real Assets. Etude Cheuvreux et Associés acted as legal advisor to Icade.