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Icade launches the Descartes Tower

French property group Icade, owner of the Descartes Tower, is making the most of the opportunity presented by the departure of its sole tenant, IBM, to restructure the tower completely. Once the work is completed, these premises will be a prime example of renovation providing a sustainable development initiative, HQE/BREEAM certification, and offices of an international standard.

Icade became the owner of the entire tower in 2007 after it was announced that IBM would be leaving. The building will be empty by 31 December 2009. The premises are on an independent site of 16,000m2 and the 41 storeys (140m in height) provide a net usable floor area of 89,000m2 plus 1200 dedicated parking spaces.

The work will be managed by Icade's property development division. They will in particular be handling the complete renovation of the office levels, the technical installations and the communal areas. The tower has an advanced design, benefiting from a double-skin outer wall. The renovation project will also involve complete replacement of the interior facade.

In order to respond as well as possible to users' expectations, Icade is putting in an overall investment of around 250 million euros. Delivery is due at the end of 2012, making it the only restructuring announced for a property of more than 20,000m2 that will be delivered in La D‚fense in 2012.



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