Office building in one of France’s most sought-after business districts
The French state-owned financial institution Caisse des Dépôts has secured the entire fourth floor and half of the third floor of the Audessa office building in Lyon Part-Dieu, one of France’s most desirable and dynamic business districts. The lease for 2,112 m² has a term of nine years.
Union Investment acquired the former headquarters of the French grid operator RTE in 2022 as a project development for the portfolio of the institutional open-ended real estate mutual fund UniInstitutional European Real Estate and comprehensively renovated and expanded it in order to adapt the building to the highest technical and environmental standards. The office building now has a total lettable area of around 13,000 m² and extensive outdoor areas: a planted roof terrace with views of Mont Blanc, terraces on all floors and a private garden with trees.
“We are very pleased that, following the successful completion of the repositioning, we were able to win our first major tenant in Caisse des Dépôts after only a short time. We are currently holding promising talks with other interested parties. Prime office space is likely to be even more difficult to find in this sought-after location in the future, as Lyon Part-Dieu is developed into a mixed-use district and the authorities will focus on the provision of housing,” said Tania Bontemps, President of Union Investment Real Estate France.
The real estate service provider JLL acted as an intermediary. Union Investment was advised on legal matters by the law firm August Debouzy.
