Icade : Deeds of sale signed for Blocks D and E, the Athletes Village takes another step forward

Press release

Deeds of sale signed for Blocks D and E

The Athletes Village takes another step forward

Tuesday, February 2

Last week, the Athletes Village passed another milestone:

• SOLIDEO signed the deeds of sale with real estate companies for the land of Blocks D and E in the future Athletes Village.
• The consortium formed by Nexity, Eiffage Immobilier, CDC Habitat and EDF and the one formed by Caisse des Dépôts, Icade and CDC Habitat are now the official owners of the land upon which the project is to be built.
• The signing of these deeds of sale marked the successful completion of the marketing process that started two years ago in 2019 and the beginning of the subcontractor selection process.

©SOLIDEO / Icade_CDC_CDC

Habitat_UAPS_Brenac&Gonzalez&Associés_Atelier Pascal

Gontier_NP2F_Post-OfficeArchitectes_Ailleurs-Studio

The Athletes Village, a full-scale demonstration of the city of tomorrow

The Athletes Village is our flagship project. It will be where over 14,000 athletes from around the world and those accompanying them will live, sleep and eat during the Olympic and Paralympic Games. After the Games, it will be transformed into a neighbourhood that is sustainable, innovative and inclusive. It will include homes, supportive housing units, shops, offices and new public amenities such as childcare centres, primary and high schools, gyms, etc.

This Village is a full-scale example of the city of tomorrow which will be both sustainable and inclusive.

Aligned with the objectives of the Paris Agreement, we and our partners will demonstrate that it is possible to build in a way that reduces carbon emissions by half over the whole life cycle of buildings, preserves biodiversity and provides real quality of life to its residents.

In addition to being a place where we can try out and improve our tools for ecological transition, the Athletes Village has set high goals for economic and social inclusion. Our objective is for the Paris 2024 Olympic Games to be a catalyst for best practices and a driver of growth.

©SOLIDEO / Nexity_Eiffage Immobilier_CDC Habitat_EDF_Groupama - All rights reserved

"I am both proud and happy to have signed these deeds of sale with consortia made up of national players which reward over two years of work.

These signings mark the end of the preliminaries and officially launch the construction phase of the Athletes Village set to start next spring.

Despite a tight schedule and stringent environmental requirements, all the partners, both public and private, were able to take up the challenge of creating a project that is distinctive, complex and ambitious and which will showcase France's construction industry", explained Nicolas Ferrand, CEO of SOLIDEO.

"Under this agreement, the consortium formed by Caisse des Dépôts, Icade and CDC Habitat is operationally committed to building an Athletes Village which is exemplary in terms of urban innovation and environmental excellence. The Quinconces neighbourhood will serve as a symbol of green urban planning of the future. After housing athletes from all four corners of the world, it will leave behind an inclusive and inviting neighbourhood that meets the specific needs of the Seine-Saint-Denis area",

stated Eric Lombard, CEO of Caisse des Dépôts.

For Jean-Luc Porcedo, Chairman of Nexity Villes & Projets: "The entire consortium responsible for Block E in the Athletes Village is pleased that the project has been finalised through the signing of the deeds of sale for the land. A genuine full-scaletesting ground for the city of tomorrow, this project has been designed to morph into a resilient green urban neighbourhood responding to new challenges in 2025."

After housing athletes from all over the world during the Olympic and Paralympic Games, the Athletes Village-designedfrom the very start with local communities in mind- will become a vibrant neighbourhood.

• Block D:

Through the signing of this deed of sale, the SCCV Quinconces consortium composed of Caisse des Dépôts, Icade Promotion and CDC Habitat became the owner of Block D in the Athletes Village.

This week, the consortium also signed a preliminary off-plan sale agreement for an office development of around 9,200 sq.m with SCI Quinconces, made up of Icade Foncière and Caisse des Dépôts, which will ultimately transform the Village into a new inclusive and sustainable neighbourhood. With a floor area of 51,700 sq.m including 18% of offices, 5% of business premises and retail space and around 650 homes, this project clearly reflects the environmental and social goals of the Olympic and Paralympic Village.

Caisse d'Epargne for the Paris region (BPCE Group) will provide SCI Quinconces with roughly €93m in financing.

Designers of the property development projectfor Block D: Lead architect: UAPS; Architects: UAPS / Brenac & Gonzalez associés / ECDM / NP2F / Atelier Pascal Gontier / Post-Office; Landscape architect: TN+.

• Block E:

SCCV Héritage, a consortium made up of: Nexity, Eiffage Immobilier, EDF and CDC Habitat.

Designers of the property development project: CoBe (Belvédères) / KOZ (Villas); landscape architect:

Atelier Georges; architects: KOZ / Cobe / Barrault Pressacco / Lambert Lénack / SOA / DREAM Atelier Georges

Overall project schedule for the Olympic and Paralympic Village

• The Olympic and Paralympic Village will be completed and handed over to the Organising Committee for the Paris 2024 Games on March 1, 2024.

• 2019-2021:deconstruction work and site preparation
• 2021-2023:construction of buildings and infrastructure:

1. Public spaces: roads (pedestrian paths, cycle lanes and roadways), squares, green spaces and the banks of the Seine;

1. Buildings: rental housing units (social or private), owner-occupier units, offices for businesses, ground-floor shops and services;

1. Public amenities: nursery and primary schools, childcare centres, etc.

• 1. Additional facilities will be developed to achieve a coherent and comprehensive project for the Olympic and Paralympic Village: a footbridge over the river Seine connecting Saint-Denis and Île-Saint-Denis built by the Seine-Saint-Denis Departmental Council, undergrounding of high-voltage power lines carried out by RTE (Réseau de Transport d'Électricité, the French electricity transmission system operator) and creation of a noise barrier along the A86 motorway by the French government.
• March 1, 2024: village handed over by the real estate companies to Paris 2024
• July 26 to August 11, 2024: Olympic Games
• August 28 to September 8, 2024: Paralympic Games
• November 1, 2024: village handed back by Paris 2024 to real estate companies to start conversion work.
• 2025: end of conversion work: athletes' accommodations converted into housing units, student accommodations, offices, business premises, etc. A new neighbourhood for 6,000 residents and 6,000 employees will emerge.

Designers of the urban development project for the Athletes Village development zone: Dominique Perrault, Lead Architect; Une Fabrique de la Ville; INGEROP; TER; CITEC; Urban-Eco; Jean-PaulLamoureux.