Real I.S. AG acquired the “Helio” office building on Rue Domer 17-21 in Lyon for its open-ended special “BGV VIII EUROPA” fund. The seller is the French investor Primopierre. The parties have agreed to keep the purchase price confidential. The property was completed in 2014 and offers around 6,000m² of office, retail and archive space over six floors and is situated near the city centre not far from the “Jean Mace” public transportation hub. The multi-tenant property is currently fully let.
“Having already bought a property in Paris this year, this acquisition in Lyon represents a further successful addition to our portfolio in France. The contemporary office building is supplemented by retail space and fulfils all the criteria placed on an attractive investment property through its positioning on a stable and lucrative office market in Lyon,” said Catherine Luithlen, President of Real I.S. France.
“France’s real estate market continues to be one of the most attractive investment targets in Europe. The demand for office space in Lyon particular continues to run strong. Last year takeup was consistently above the five-year average,” commented Axel Schulz, Global Head of Investment Management at Real I.S. AG.
