Founded in 2015, Ikory is an independent firm specializing in residential real estate advisory for institutional and large-scale owners.

Ikory places housing at the core of its convictions. 

A true driver of innovation, the firm acts on behalf of institutional owners, developers, investment funds, property companies and family offices. Its business lines cover the entire real estate value chain, enabling the delivery of a comprehensive, high value-added approach. With a strong ethical and professional commitment, each business line is operated independently through dedicated entities.

Business Lines

Ikory’s activities span the full real estate value chain.

Key Figures

  • 2,000 addresses marketed
  • 25,000 apartments sold
  • 300 apartments sold in 2025
  • 105 advisory or project management assignments completed
  • 450,000 sqm of projects currently under management
  • 30 professionals
  • €6m fees (2026)
  • 250 institutional clients
  • €1.3bn block transactions
  • 96 buildings sold in block
  • 253,000 sqm sold in block

Team

Stéphane Imowicz

Stéphane Imowicz, ICH graduate, began his career at Caisse Centrale de Réassurance and later joined the I3F group. In 1988, he joined Groupe Bourdais as a real estate expert, subsequently becoming a partner and member of the Executive Board of Bourdais Expertises. In 1996, he founded Ad Valorem, focusing on real estate valuation, unit-by-unit and brokerage of residential buildings, and property management. Following the merger between Ad Valorem and Crédit Foncier in 2010, he became Chief Executive Officer of Crédit Foncier Immobilier, a position he held until 2014.

Stéphane Imowicz founded Ikory in 2015. He is also a FRICS and served as Chairman of the Committee for the Implementation of the Real Estate Valuation Charter until 2018, and as President of IFEI (French Institute of Real Estate Valuation) from 2008 to 2011. He has been President of FIABCI France since 2024.

Emmanuel Cordié

Emmanuel Cordié, a graduate of ESCP and Sciences Po Paris, began his career in 1989 as a marketing consultant advising developers and real estate stakeholders. In 1999, he joined Valoris and subsequently Cap Gemini as a Principal, working on CRM and new technology projects. In 2003, he became Marketing Director of Ad Valorem and, following its merger with Crédit Foncier in 2010, he took over the marketing leadership of Crédit Foncier Immobilier, supporting its transformation and business development.

He joined Ikory in 2015 as Head of Asset Management. Since 2023, he has served as Deputy CEO of Ikory, in charge of finance and marketing.

Marie-Noëlle Sixtre,

Marie-Noëlle Sixtre (MRICS) holds a Master’s degree in Urban Planning and Construction Law from the University of Montpellier I and a degree in Wealth Management from ESSEC. After an initial experience as a business manager, she led Ad Valorem Patrimoine — a structure dedicated to investors and partners within the residential unit-by-unit sales specialist — from 2000 to 2012.

Following a period at Barnes as Director of Barnes Immeubles, she joined Catella Residential Partners in 2015 as Director of Business Development and Partnerships. Since 2025, she has been heading Ikory Capital Markets, the entity dedicated to block sales of residential buildings.

Marie-Noëlle also serves as a jury member for the SIMI “Grands Prix de l’Habitat et du Logement” and is the founder of the network “Esprit & Vins au Féminin – Connecting Women Real Estate”, which brings together 400 women from the real estate industry.

Gianni Vigezzi

Gianni Vigezzi began his career in 2012 as a Development Manager with a real estate developer. In 2016, he joined Ikory as Head of Capital Markets, where he managed block transactions on behalf of private and institutional investors. In December 2020, he contributed to the spin-off of Ikory Asset Management’s activities and became a Partner and Director. He has been heading Ikory Properties since 2023.

Gianni holds degrees from ESI and ESPI.

Jean-Baptiste Le Gal

Jean-Baptiste previously served as Head of Project Management & SRI at Colliers Global Investors France, where he led project management advisory (AMO) and delegated development management (MOD) assignments, both for new developments and refurbishments, across office, residential, retail and mixed-use assets. He was also responsible for overseeing all ESG/SRI aspects of the assets under management.

Earlier in his career, he worked at Bouygues Bâtiment Île-de-France – Private Renovation Division, managing major office refurbishment projects, before joining Quartus (formerly Abcd Advanced) as Project Director.

Jean-Baptiste is the Chief Executive Officer of Ikory Project Services, the entity dedicated to advisory, project management assistance (AMO), delegated development management (MOD), and the sustainable transition of real estate assets. He is a graduate engineer from EPF and ESTP.

Main clients

Public Affairs

Ikory at the Heart of the Residential Debate

Ikory is the initiator of Vivere, a think tank dedicated to housing that brings together industry professionals, institutional investors, senior civil servants, university professors, architects and entrepreneurs.
Through Vivere, Ikory actively contributes to the evolution of the sector’s regulatory framework, particularly about intermediate housing and broader housing policy issues.