Global law firm White & Case LLP advised Icade, a French exchange-listed, real-estate company, on the sale of its subsidiary Icade Résidences Services to Nexity.
Icade Résidences Services is a company specializing in the management of student accommodations, with almost 8,000 accommodation units managed in 60 residences located in Ile-de-France and in the main French university towns.
White & Case previously represented Icade in 2009, on the divestment of its real estate management activity to Procivis Immobilier and of its facility management activity to the TFN group.
The White & Case team, led by partner Frédéric Bouvet, was composed of associates Magali Fernandes and Adrien Moretti.
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