No major surprise in Q2 21 in the Property business: vacancy stands at a high level but was roughly flat sequentially. Reservations in the Residential Development business were flat sequentially too: strong lfl growth in H1 21 can therefore not be extrapolated to H2 21-2022. A negative base effect could occur in H1 22, in our view.
26 Jul 2021
Stable values in offices, working on Icade Santé's IPO in H2 21
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Stable values in offices, working on Icade Santé's IPO in H2 21
Icade (ICAD:EPA), 0 | Icade SA (ICAD:PAR), 0
- Published:
26 Jul 2021 -
Author:
Christian Auzanneau -
Pages:
3
No major surprise in Q2 21 in the Property business: vacancy stands at a high level but was roughly flat sequentially. Reservations in the Residential Development business were flat sequentially too: strong lfl growth in H1 21 can therefore not be extrapolated to H2 21-2022. A negative base effect could occur in H1 22, in our view.