France: Icade sells two seniors’ residences to Aberdeen Standard Investments

French property group Icade has sold two seniors’ residences with services for €49.1m (US$59.6m) to Aberdeen Standard Investments. The first of the seniors’ residences was in Villeneuve-Loubet (Alpes-Maritimes) ans was sold for €26.3m. Designed by Jean-Philippe Cabane (ABC Architectes), the site is being jointly developed by Icade and the Réside Études Group which will operate…

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