France's Poste Immo and Icade are joining forces to create Arkadea, a new partnership aimed at optimising and boosting the value of Poste Immo's property portfolio. Poste Immo hopes the partnership will enable it to develop the potential of some of its residential and commercial assets, and in this way to create value for La Poste group. The company would not disclose the value of the portfolio currently being transferred to Arcadea.
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