The campus is located in the business district of Gerland in Lyon offering strong fundamentals characterized by the presence of several companies involved in the biotech, chemical and energy sectors. The asset comprises four interconnected office blocks providing a total lettable surface of 27,480 sqm distributed over five floors, as well as 502 parking units. It was developed by CoGV, a real estate local operator based solely in Lyon with a strong track-record in developing prime assets.
The campus is 100% pre-let to a Grade A covenant tenant for a minimum 10-year lease term. The five-floor complex prioritizes tenant well-being and will provide users with two restaurants, a kindergarten, a gym, and 5,000sqm of green areas, including multiple winter gardens and 2,000sqm of equipped terraces.
ESG is integral to Allianz Real Estate’s business strategy. This venture is the latest in a number of transactions in Western Europe putting sustainability front and center of the development process. Recent examples include the redevelopment of 23-29 rue de Châteaudun in Paris and Rome’s historic Palazzo Marignoli, where the highest quality sustainability elements were incorporated where possible.
The asset will be certified with the BREAAM New Construction Excellent accreditation. It will be compliant with RT 2012 -30%, a French standard which focuses on limiting the energy consumption of buildings, and has the digital infrastructure in place to host a building management system (BMS) – a computer-based control system monitoring and managing energy consumption levels.
“Allianz Real Estate has successfully acquired another prime asset that will exemplify the office of the future. Located in one of Lyon’s prime business districts, this campus offers cutting edge spaces that reflect the changing needs of occupiers, who are looking to have a more social and green environment in which to spend their time”, said Alexander Gebauer, CEO of Allianz Real Estate for Western Europe. “With the pandemic contributing to the changes in the way we work, developing modern, premium quality offices is key to our future growth and sits at the very core of our strategy. This acquisition highlights our commitment to building high quality assets focusing on innovation and user experience, whilst ensuring they meet the highest standards in terms of energy use, sustainability and tenant well-being.”