M&A Promotion has been acquired by Icade

M&A Promotion has sold a majority stake in the company to Icade.

M&A Promotion is a key regional player in real estate development, covering all segments within the residential and commercial areas in the southeast of France.

Icade is a multinational real estate investment trust and is a subsidiary of Caisse des dépôts et consignations. It invests in various types of properties, including healthcare, offices, business parks, housing and public facilities, and has a real estate development subsidiary.

Oaklins’ team in France acted as sell-side advisor to M&A Promotion.