Icade and Klépierre have reached an agreement whereby Klépierre is buying out Icade’s 50% stake in the Odysseum shopping and leisure centre in Montpellier.
Opened in 2009, located just 15 minutes from Montpellier town centre and served by the city’s tram network, this open air shopping and leisure centre houses more than 120 boutiques and restaurants over more than 50,000 m².
With this transaction, Icade is consolidating its strategy of refocussing its attention on offices and business parks in the Ile-de-France region. Klépierre becomes the sole owner of this major regional shopping centre, which it also manages.
December 2 2013