Business real estate - Lyon Part-Dieu
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
contents Editorial Controlled growth Editorial............................................................................................................................................................page 3 for a fitting supply Lyon agglomeration Sustainable performance..........................................................................page 4 With a 27% increase in investments in 2012, The strength of a diversified economy................................................................................................................page 6 Lyon continues to resist the economic crisis. With stable values, INNOVATION, A vocation and an ambition...................................................................................................................page 8 the second-largest French city after Paris is ranked by Ernst & Young Direct connections Lyon open to major cities..........................................................................................................page 11 among the top of Europe’s economically most attractive cities. Business real estate The city has seen an investment of 845 M € in its business real estate A complete offer in a healthy market...........................................................................................................................page 12 market in 2012, thanks to the strength of its dynamic and dense A robust and adapted market.......................................................................................................................................page 14 economic fabric. 60% of investments took place in the office space Direct connections with business sites...................................................................................................................page 16 Cautious and concerted growth of real estate supply.................................................................................................page 18 market. This growth is of course based on the city’s assets, its location, The value chain of real estate in Lyon.......................................................................................................................page 20 the quality of its infrastructure, and its quality of life, but also on its Opportunities IN 2013................................................................................................................................................page 22 clusters, which set it apart from other large European cities. Health care, biotechnology, cleantech and the creative industry are Lyon’s urban projects.............................................................................................................................................page 24 centres of excellence for research and innovation. LYON PART-DIEU, A novel and thriving ecosystem..............................................................................................................page 26 95 000 M2 an unconventional mixed project....................................................................................................................page 28 It is also the proactive policy of the public authorities, combined LYON CONFLUENCE, CONVERGING ASPIRATIONS.....................................................................................................................page 30 with a confident private sector, that allows the Lyon agglomeration LYON CONFLUENCE, IN 2020..........................................................................................................................................page 32 to achieve this performance level. An ambitious real estate strategy LYON GERLAND, THE FACTORY OF EXCELLENCE......................................................................................................................page 34 providing a complete and clear supply; a qualitative and responsible BIOPôLE DE GERLAND, AN AREA OF GLOBAL REFERENCE FOR HEALTH AND BIOTECHNOLOGY.............................................................page 36 LYON CARRÉ DE SOIE, A natural reserve of opportunities................................................................................................page 38 urban development policy; an intelligent vision of the city, shared within a recognised governance system guarantee investors a healthy THE TERTIARY HUBS.........................................................................................................................................page 40 and regulated real estate market. Now more than ever, Lyon offers favourable conditions for corporate development in a sustainable LYON VAISE INDUSTRY, THE DIGITAL HUB OF THE CITY.........................................................................................................page 42 focus FOCUS GRENNOPOLIS, A NEW BUSINESS PARK IN LYON VAISE.............................................................................page environment, oriented towards services and the well-being 43 VILLEURBANNE GRANDCLEMENT, GRANDCLÉMENT, THE DEVELOPMENT PROGRAMME.........................................................................page 44 of employees. lyon 7ème THE CITROEN BUILDING......................................................................................................................................page 45 PRESQU’ILE HOTEL DIEU................................................................................................................................................page 46 PRESQU’ILE CONVERGENCE.............................................................................................................................................page 47 mixed-use hubs..............................................................................................................................................page 48 WEST ECONOMIC CENTRE EXCEPTIONAL QUALITY OF INFRASTRUCTURE AND WORK........................................................................page 50 focus PUY D’OR – LIMONEST BUSINESS PARK.......................................................................................................page 51 PORTE DES ALPES, AN EXPANDING AREA IN THE EAST OF LYON.................................................................................................page 52 focus URBAN’EAST BUSINESS PARK A NEW BOOST FROM THE DYNAMIC EAST................................................................page 53 DES GAULNES BUSINESS PARK, MEYZIEU JONAGE...............................................................................................................page 54 Lyon-Saint Exupéry AIRPORT, AN ECONOMIC DYNAMIC IN BUSINESS CLASS..............................................................................page 55 CITY COMMUNITY PORTE DE L’ISERE, A TERRITORY TO INVEST IN...........................................................................................page 56 LA PLAINE DE L’AIN INDUSTRIAL BUSINESS PARK, HIGH ENVIRONMENTAL QUALITY AT THE GATEWAY TO LYON......................................page 57 CONTACTS............................................................................................................................................................page 58 2 3
Lyon agglomeration Sustainable performance Alchemist, Lyon is an agglomeration on a human scale that combines the innovation dynamics of a metropole with the creativity of a city for day-to-day living. Heritage, gastronomy, and large city parks sit alongside universities, research laboratories, high-tech industry and global business headquarters. Attractive Buzzing Creative Registered as a UNESCO World Heritage Known for its gastronomic tradition and Lyon’s standards when it comes to site since1998, Lyon has the doors to excellence in silk, the Lyon agglomeration quality of life and economic excellence its history wide open for the 6 million has a vibrant cultural scene. A leading attract each year more and more yearly visitors: from the renaissance urban event in France, the Festival of Lights businesses and talent: outside of Paris, neighbourhood to the "Traboules" of attracts each year more and more enthralled Lyon offers the best supply in France the Croix Rousse, via the Museum visitors (3 to 4 million in 4 days each year). for investments or the presence of of Fine Arts, the ancient theatre at Together with the Biennial of Modern Art businesses, with real estate costs 30% Fourvière and the new Confluence area, and of Dance, the Nuits Sonores (indie and lower than those in the Paris region. Lyon offering over 2 000 years of refinement electronic festival) and the Lumière Film provides entrepreneurs with a climate of and cultural history, all discoverable Festival, Lyon has an international artistic confidence which promotes the desire by foot! reputation and offers to many a place of to invest and to commit: in 2011 almost festivity and exceptional discovery. 15 000 new companies were created in the Lyon territory. Ranking of 39th 1,3 million international residents cities 1st eco-city in terms of GDP Close to everything 516 km2 in France: ................................... Equipped with an outstanding multimodal infrastructure (2 TGV stations in the city centre and territory 50% of car usage in the city centre Behind Paris (29th) and ahead of Barcelona (40th), Madrid (49th) and New York (44th) Lyon-Saint Exupéry airport serving more than 120 national and international destinations), Lyon is thoroughly connected to the world. Capital of one of the most touristic regions in France, the city is one hour away from the alpine ski resorts, half an hour from the Beaujolais and two hours from the Mediterranean beaches. Green and soft… 42% With a dense public transport network, shared bicycle and car programmes, and a continuous development of bike lanes, Lyon favours of the Lyon population the sustainable development of its neighbourhoods in terms of mobility and living conditions. All urban projects systematically address sustainability and high quality landscaping of public spaces: are under the age of 25 (INSEE) with large city parks, the Berges du Rhône redeveloped over 10 hectares, and tomorrow’s Rives de Saône, Lyon actively reconciles environmental well-being with that of its residents. 4 5
The strength of a diversified economy The agglomeration’s economic fabric is as much a major added value as a gauge of continuity for investors and businesses: with one business created every hour and with a higher density of headquarters than Barcelona or Manchester, talent finds in Lyon an optimal ecosystem of growth at the heart of the second-largest economic region in France. 1 Successful Dynamic st Rated 19th as one of the most attractive With 5 clusters, including two at global cities in Europe (Cushman & Wakefield level, various thematic clusters and high- cities monitor 2011), Lyon offers performance governance systems, Lyon everything expected from a large has a recognised know-how at its disposal European city, at a reasonable price: to favour the presence and creation of Equipped with a strong infrastructure businesses. The network “Lyon ville de and offering reasonable rent pricing, Lyon l’entreprenariat” (Lyon, entrepreneurial city) i hosts company headquarters, research receives, informs, orients and accompanies and development hubs, production and over 10 000 entrepreneurs per year, logistics sites, which provide demanding users with an complete range of real whichever their project. industrial Several businesses estate options within the metropole. agglomeration and headquarters in France Industrial (outside Ile-de-France) • 1 500 company headquarters, including Sanofi Pasteur, • Leading businesses: Apicil, Arkema, Bluestar Silicone, 99 900 companies Biomérieux, Groupe SEB, Renault Trucks, EA (world Boiron, Cegid, CNR, Danone, GL Events, Genzume, The driving force of national industrial (public and private sectors) headquarters), Bayer Cropscience, JTEKT, Scotts Irisbus, Mérial, Renault Trucks, TNT Express… International (European headquarters)… 14 600 competitiveness, Lyon has been able to develop its historical industrial fabric. ................................... • Renowned international institutions: Interpol, Euronews, • Major Areva R&D site. As the leading industrial agglomeration International Agency for the Research on Cancer, Handicap in France, the city attracts just as many Over 500 000 salaried jobs businesses International, European Centre for Humanitarian Health, WHO, Worldwide cluster for monitoring and alerting key international accounts as small and medium-sized businesses from various in the private sector of infectious diseases, the P4 Inserm Jean Mérieux 77.6% in tertiary sector, 15.4% in industry laboratory… sectors: life science, transport, food, chemical, pharmaceutical, textile, and created in 2011 creative industries. European city for its 19 th economic attractiveness (1) R hône-Alpes, 2nd French city European city 9th preferred by entrepreneurs(2)) a European reference: • 1st chemical production centre in France for business tourism European centre for the • 2nd chemical region in France With 390 congresses and professional trade shows and 2.9 million visitors, life in Lyon is 1 st production of vaccines in workforce • 2nd region in France for eco-industry punctuated by the dynamics of the economy. The quality and variety of its infrastructure have seduced over 21 000 event organisers of regional and international stature: Pollutec, in workforce Sirha, Solutrans, Biovision, Innorobot. sources: (1) European cities monitor 2011, Cushman & Wakefield (2) National entrepreneur satisfaction index, ECER 2010 6 7
innovation A vocation and an ambition In 2011, Lyon ranked 8th among 100 economically innovative cities according to 2thinknow innovation cities. With the ambition to become the benchmark territory for new mobility and a major player in intelligent energy, Lyon cultivates innovation across all areas, scientific, technological, but also social and organisational and clearly positions itself among the frontrunners of global smart cities. Innovation Education Interaction By creating the shared car system Having merged 18 establishments Capitalising on the important players in AUTOLIB in 2008 and the VELO’V from the Lyon and St Etienne its territory – global industrial leaders, bike rental network (27 million bikes agglomerations into the “University of cooperation networks on university and rented!) Lyon already made a head start Lyon”, Lyon continues to modernise its scientific level – Lyon has been able to in terms of new mobility… Today, the city’s higher education. The Lyon Cité Campus create a technological ecosystem in innovation strategy is as oriented towards strengthens the synergy between tune with strong societal issues and its the invention of a simpler, more fluid, and education and business: The Charles industry of excellence. The development more pleasant city, as to the development Mérieux Campus for bio, human and of ultra high-speed networks, a range of of international centres of excellence, with social sciences, and the Lyontech-La NFC services, and the access to digital robotics and cleantech. Doua Campus for cleantech, for which it public data for businesses speak for the hopes to gain global excellence status. community’s commitment in developing conditions for innovation on its territory. lyon 1 4th European n°1 region in terms of staff working in R&D ................................... st 2forndpatenting region in France In France in terms of innovation (3) ................................... research and higher education centre 5 clusters, 8forthits international city innovative vision in terms of economic and social development, ahead of London and Frankfurt(2) in France 120 000 students, 12 325 researchers and 500 public and including two global private laboratories(1) • Lyonbiopôle, a reference for Life Sciences: infectious diseases, oncology and neuroscience, • Axelera for the chemical and environmental industry • Lyon Urban Truck & Bus for transport systems • Techtera for textile techniques • Imaginov for digital entertainment sources: (1) Académie de Lyon (2) 2thinknow Innovation CitiesTM Global 256 Index 2011 (3) ‘Entreprise ranking 2012 8 9
Business Rental: 82% of all transactions Tertiary: the territories’ complementary nature If renting represents 82% of the markets transactions as Like the previous years, the Lyon Part-Dieu business area seen in 2011, we note a large variation between the sectors: leads the ranking of real estate transactions with 32 895 m2. rental represents almost 93% of transactions at the Part- The Part-Dieu area registers a 41% decline in take-up real estate Dieu area, 60% in Gerland but only 38% in Northeast compared to 2011, caused by the absence of availability in Greater Lyon. new construction, still representing 18% of the total take-up. This distribution is indicative of Lyon’s economic fabric: Villeurbanne / Carré de Soie sees an increase of 21% companies located in its business areas are looking compared to 2011 with 20 902 m2 and the take-up in the for more flexible real estate solutions, while small and Gerland and East Greater Lyon sectors remains stable – medium-sized businesses in the Northeast are reasoning around 20 000 m2 / year each. These results show the strength from a patrimonial standpoint and are thus firmly anchored of the industrial fabric and of the small and medium-sized A complete offer in their areas. businesses, which support a market specifically adapted to their needs. in a healthy market Prime rent in the Part-Dieu The Lyon Take-up of area: business real estate market is resisting the negative economic situation in 2012. If take-up of office space declines, it strongly increases within commercial and logistics real estate. For its part, tertiary investment reaches a new record with an increase of 27%! Evidence 260 € ex VAT ex SC/m2/year 184 418 m² net floor area in 2012 (320 € ex VAT ex SC for high rise) that investor confidence in the Lyon market is there. ................................................. A supply of O ffice space real estate: New construction property: Construction 380 000 m² + 27% strength through diversity a preference for quality including 150 000 m2 in investments costs index: in new construction With a take-up of almost 185 000 m2 Transactions in new construction in 2012, the tertiary real estate market represented 83 541 m2 in 2012, which + 1.5% over one year at 1648 in Lyon is bigger than that of Lille is 45% of all transactions (49% in 2011). (1 136 000 m2), Marseille (159 000 m2) The reduction in the supply of new and Toulouse (146 800 m2). After an construction marks a year of transition exceptional year in 2011, the number for major projects, which works in favour of transactions fell from 480 to 468 in of other (and qualitative) areas such as 2012. Despite a 27% drop in volume, the number of transactions remains stable and the market is very active. The market Villeurbanne-Grandclément, which shows an increase of 21% compared to 2011 with 20 902 m2 (11% of the take-up). The Main tertiary transactions: is strongly established in medium-sized dynamics of this area are undeniable, Carré de Soie: Veolia / Lyon Part-Dieu: Orange / Villeurbanne GrandClément: Atos Worldline, transactions, between 500 and 2 000 m2, showcased by several very successful Grand Lyon, Pages jaunes / Greater Lyon Est - Saint Priest: Alstom Grid, Segula Technologies answering the needs of the economical real estate transactions demonstrating fabric. the appeal that restructured buildings Note that by integrating important meeting environmental standards have transactions that are being finalised, on users. G eographical distribution + 27% in investments: the take-up would have retained its 2011 level. of take-up (in m2) a good year plateau nord • With an investment estimated at over 845 M€ (some 5% marketers report results up to 925 M€) 2012 is a good year (667 M€ in 2011). This 27% increase fortifies Lyon’s position 3.8 billion € invested regionally as an attractive city for internationally operating investors. in business real estate in 2012 villeurbanne vaise carré de soie 8% 11% • Beyond the numbers, the type of investors and investments also of which 845 million € in the Lyon market, more than 22% supports this: Grosvenor, together with QIA, investing 309 M€ in a real ............................................................................. techlid lyon 6ème 5% estate complex (shops, offices and housing) on the Presqu’île, and 11% AEW’s purchase of the Oxygène tower. 5.2 million m² total of tertiary real estate in 2012 part-dieu 18% ............................................................................. pres’quîle • The third point of satisfaction is asset diversification: only 60% of confluence grand lyon est investments - against 85% in 2011 - have been placed in office spaces. An average yield of 6% 14% 5% hôpitaux 8ème 5% OTHER... 3% gerland Source: 10% FNAIM 12 13
Business Retail: the centre’s appeal and the quality of supply With 1.5 million m2 of commercial estate, the city of Lyon encompasses all flagship stores an various multi-brand shops. The majority of small retailers are located in Lyon (55%) and Villeurbanne (10%). 70% of super- and hypermarkets are in real estate close proximity to Lyon and Villeurbanne. The commercial master plan outlines the development until 2015. .............................................. A robust and Commerce turnover in Greater Lyon: adapted market 7.2 billion euro .............................................. P roduction sites: Logistics: 26% increase a remarkable dynamic in take-up Despite the economic crisis, the market The logistics market in Lyon has very Commercial dynamics In 2012 maintains good momentum with a take-up good results despite the context of of 209 482 m2 net floor area in 2012, the national decline. The 34% downturn • April 2012: opening of the Confluence shopping and • New record for the Pathé cinema complex at Carré de Soie commercial real estate market shows a of the national market for logistics recreation centre: 53 000 m2 GLA with approximately a with 1 227 035 admissions in 2012 (most-visited cinema in decent growth in the Greater Lyon territory (take-up of 1.8 million per m2 in 2012 of hundred shops, including a few “firsts” for the Lyon region the Rhône-Alpes region). (195 748 m2 in 2011), while the outskirts which 73% on the French North-South (Bose, Muji, …) a Carrefour hypermarket, a UCG 14-theatre • Grosvenor’s acquisition of close to forty buildings in the Rue report a slight decline. axis) is explained by the wait-and-see multiplex cinema, and recreational commerce (Azium, de la République for just over 300 million € from ANF. The trend towards rental started in 2011 approach and cautionary attitude. Unlike Ludopole, Fitness Park, …). continued in 2012: rental transactions the I’Ile-de-France and Marseille, which are still the majority and are even on the are particularly affected, take-up in Lyon rise (63% in 2012 against 55% in 2011). registers an enviable result of + 26% It is the availability of rental space and compared to 2011. a greater difficulty for companies to gain Rental space accounts for 89% of take-up access to financing that explain this in 2012. Transactions are mainly closed increase in rental transactions. in existing property (29% of m2 taken up in new construction in 2012 compared to H otel supply: 65% in 2011), which allowed the reduction +7% increase! Hotel industry in 2013: 8 new projects of the vacancy rate while maintaining price levels (between 40 and 46 € ex VAT 2012 will be a memorable year for the In 2013, the hotel industry continues to expand. In January, the Ibis Budget ex SC/m2/year). The main transactions Greater Lyon hotel industry, which had hotel at Lyon-Saint Exupéry airport (137 rooms, budget category, Sector were closed in the North Isère and East an unprecedented growth of supply: East) opened its doors. Further openings scheduled for 2013 include: Lyon (63% of the take-up in 2012), as +7% or 1 007 hotel and apartment hotel well as in the commercial areas in the • RT My Aparthotels 158 keys, sector Northwest rooms, in addition to the 294 rooms agglomeration’s east (61 896 m2 take-up). • Mama Shelter 154 keys, Lyon 7th Jean Macé (net) delivered at the end of 2011. • Quality Inn 100 keys, Lyon city centre That is more than over the past 7 years put • Comfort Inn Meyzieu 70 keys, sector East together. 2012 was a good tourist year and • Ace Hotel 87 keys, sector East its 125 000 additional nights compared to • Kyriad 80 keys, sector East 2011 did not prevent the dilution caused • Lyon Canabae 16 keys, Lyon city centre by the growth in supply – correlated to a recessive economic context – the total Main transactions performance lost 1.5 points in OR. This 2012 moderate contraction was compensated by an increase in average price level of production sites (+ 1.7%) minimising the RevPAR’s decline + 1007 rooms by 1.3 points. MEYZIEU: AGRA / CORBAS: GROUPE GAMI SAINT-PRIEST: LAURENT PÈRE ET FILS, STEMCOR, MEDICAL GROUP (1) Revenue per available room. A measurable indicator which permits us to understand the performances of a hotel (2) OR: Occupancy Rate 14 15
Greater Lyon: The locations Key Phasing Mixted hub Major urban project Tertiary hub Other Greenery and parks A dense network For soft mobility transports Motorway • 4 metro lines Planned motorway Public transport • 4 tramways • 2 funiculars • 120 bus and trolleybus routes RHÔNEXPRESS • 1 direct tramway city centre Lyon-Saint Exupéry airport Lyon-Saint Exupéry airport + de 8 million passengers in 2012 • 340 Vélo’v stations, 120 direct national the first city bike rental network, and international destinations in France with 4 000 bikes Direct connection • 34 autolib’ stations, with 250 shared cars with the city centre by tramway in less than 30 minutes 3 TGV stations Up to 150 TGVs / day at Lyon Part-Dieu railway station (Doubling of Paris / Lyon after 2020) Major projects > Rhine-Rhône Line Lyon / Frankfurt direct since early 2012 > Lyon / BarcelonA direct as of 2013 in 3h45 > Lyon / Turin - Milan after 2020 17
Cautious and A tertiary ambition that ensures visibility and coherence To encourage the development and presence of businesses, the agglomeration adopted a strategy built around four priorities: concerted growth • Bring clarity to the various sites at the scale of the agglomeration showcasing the specificity of each site and how they complement each other. • Create a complete, non-competitive tertiary supply, by positioning the urban projects in relation to each other to ensure a coherent market. of real • Offer time-phased planning of urban projects to control the growth of the agglomeration. • Promote an urban mix, in order to offer an optimal work environment combining spaces to relax, commercial offerings, transportation, etc. estate supply 4 major urban projects … and tertiary and mixed hubs symbol of the 4 growth axes… that ensure • Lyon Part-Dieu, an original and multimodal growth a balanced and in-depth supply: ecosystem, Because investors and businesses need a sustainable, qualified, • Lyon Confluence, a sense to the city within a mixed and service-rich and cost-efficient real estate supply, Greater Lyon neighbourhood, showcase of the smart city, Lyon’s economic fabric is remarkable for its density and diversity: • Lyon Carré de Soie, a natural reserve of opportunities for the continues a controlled and ambitious policy when it comes to the from very small innovative businesses to small and medium-sized industry, market availability of business property and real estate. Its mission green and environmental economic industry, key national and international accounts, all profiles are present within the is to guarantee, even in difficult economic circumstances, adequate •L yon Gerland, the factory of excellence, a territory of expertise agglomeration. All need proximity, connectivity, and innovation to facilitate and solutions to users’ expectations. The planning of the real estate accommodating the entire biotech value chain. streamline their development. They also need an environment whose physical supply has been worked out by taking the reality of the market and and technical characteristics are adapted to their profession and their needs. the future projections into account. The results of 2012 prove this: Greater Lyon and its partners offer each of them global and personalised solutions renewed investor confidence and overall positive results driven by to create conditions that nourish their talents and encourage their growth. local needs and the centres of excellence of the agglomeration’s economy. In addition to the major urban projects, the agglomeration’s tertiary and mixed hubs offer qualitative and competitive site conditions: West economic centre, Lyon Vaise, Porte des Alpes, La Saulaie (Oullins), Puisonz, Le Grand Montout and Grandclément (Villeurbanne). 18 19
The value chain of User SOPRA GROUP with property completely adapted to our needs and meeting our environmental expectations Building with an 8 000 m surface area 2 Developer: Lazard group (BBC-HQE) while ensuring a genuine quality M. TouatI real estate Achitect: Architecture Studio of life for our employees. That’s now a reality Interior architect: Atelier Annie Vitipon with our new premises in Limonest… Purchase and Logistics Director … A new building for new dynamics. What’s the history of Sopra Group and Lyon? Yes, that’s right. We’ve chosen the west of With more than 14 000 employees in Europe, Lyon because it combines all the positive ______________________________ Sopra Group is a leader in consulting, IT aspects we were looking for: economical in Lyon services and software development. We have appeal, environmental quality, quality in “Lyon [...] been in Lyon since the company was founded service, overall financial balance but also represents a very over 40 years ago, most recently in Ecully and a consideration for the location of our employees. We’ve chosen a turnkey building active and fast growing Vaise. Lyon, taking into account the wealth, that responds to our professional specificities diversity, and various sizes of its businesses, market” represents a very active and fast growing in facilitating the workspaces and recreation ______________________________ areas as well as our technical constraints. market, in a profession where we need to ensure great proximity to our clients. Thank you very much. Lyon in one word? Developer What’s the latest news for Sopra Group ICADE PROMOTION It is a market with a solid foundation. With little stock and real depth that is based on a very in Lyon? “A dense economic fabric and that can count on We would like to bring our two sites together What is your view on the Lyon real crossroads” L. Doyat estate market? major regional, public, semi-public, and private headquarters. This variety is a growth lever to and dispose of bigger premises: our strong growth dictates this, Sopra Group features Director of territorial development ICADE promotion is first and foremost a national be reckoned with, providing restructuration among the biggest recruiters in France. Rhône-Alpes Auvergne player, but also a major player in the Lyon market. possibilities or important new programs and Furthermore, we wanted to equip ourselves This position allows us to analyse the Lyon market in the context of the difficult economic situation opportunities in the setting up of new projects. Because in Lyon investors and users have high we’re currently in. Of course like everywhere else standards, selectiveness in the tertiary sector ....................................................................... it takes longer to come to decisions but the Lyon market is resisting well. is strong. The four main tertiary sectors, Part- INVESToR Dieu, Gerland, Confluence and Carré de Soie _________________________________________ (to which Vaise can be added) provide quality solutions for the expectations of tertiary “ Of course like everywhere investors and users. It is not by chance that else it takes longer to come ICADE has developed projects in these sectors O. Estève to decisions but the Lyon market and continues to do so… CEO is resisting well.” What do you think of Lyon’s “working Foncière des Régions 1 _________________________________________ together” approach? Today Lyon is the second-largest tertiary conglomerate in France. In volume, the take-up decreases this year but It is a reality. ICADE is a longtime partner It is a deep and transparent market that benefits from the agglomeration’s dynamic economic development. These Investor is not far off the yearly averages and the outlook of Greater Lyon. For us, Greater Lyon as a characteristics make it very appealing for both businesses and investors like us. for 2013 is positive. In terms of value, when we tool is an excellent opportunity: a unique In addition, the city has the advantage in offering a diversified and complementary real estate supply. On one compare it to other European agglomerations, executive body with all the urban, technical, hand, the Part-Dieu area, historical and central business centre equipped with all kinds of services and directly rents are on the rise or stabilise since a architectural, statutory, and environmental linked to the largest regional transport hub (TGV, regional trains, tramway, metro), but which is now in need of a 2 number of years; never in decline. This is a expertise necessary, which gives us the revitalisation, through the development of latest-generation buildings. On the other hand, there are other tertiary sign of the confidence that professionals have confidence and emulation that serves both areas developing in the agglomeration such as Gerland, Carré de Soie or even Tonkin in Villeurbanne where we the efficiency of financing strategies and the Developer in the Lyon market. The latter resists cycles have renovated the Patio building. It had been rented at 100% even before its completion in February 2013. This well because it has its own dynamics. quality of credit. success is explained by an attractive location (close to the Parc de la Tête d’Or, in extension of the Part-Dieu business hub), an optimised public transport service, an important road network, but also by competitive rent in What explains this resistance to cycles? Thank you very much. Lyon in one word? renovated and modernised buildings. Thank you very much. Lyon in one word? “A dynamic “ an ambitious territory” 3 vision” ....................................................................... Marketer R esults of the year 2012: 200 € Comparison of office space performances 4 rental values (in €) User 200 € Take-up Available stock Prime rent (m2) (m2) ex VAT/m2/year 180 € 171 € 172 € paris IDF 2 380 638 3 585 000 770 € Frankfurt 508 800 1 505 000 410 € 161 € Average rent Average rent 160 € new construction milan 249 000 1 399 880 500 € 153 € Median rent Average rent 141 € amsterdam 227 600 965 600 335 € 140 € existing property Barcelona 200 250 827 730 216 € 140 € 126 € lyon 185 000 380 000 260 € 120 € 125 € marseille / AIX 159 000 199 900 260 € toulouse 146 800 199 000 200 € 100 € 2006 2007 2008 2009 2010 2011 2012 manchester 142 520 456 620 398 € lille 136 000 241 773 200 € Sources: FNAIM Sources: FNAIM 20 21
Opportunities in 2013 Rubik 8 480 m² Part-Dieu Tour Oxygène shopping centre 3 000 m² DCB Alstom 32 000 m² p4 36 600 m² aguettant Technip doubling 25 000 m² 8 700 m² (factory) 2 700 m2 ambre Incity 12 500 m² Silex 1 (new construction) 42 000 m² 10 000 m² Convergence Urban Development Zone (UDZ) technopark 11 300 m² Villeurbanne La Soie phases 1&2 Green 75 000 m² 4 800 m² X 2 part-dieu phase 1 > 15 000 m2 11 500 m² Sky 56 phase 2 > 2 x 8 500 m2 Equinox 32 000 m² 10 500 m² grEATER lyon programmes 2013 2015 2020 sunway Silex 2 gerland 4 400 m² 40 000 m² Cluster plaza Hikari 55 000 m² 14 700 m² block P eurosic building Crystallin UDZ 2 block A3 7 772 m² 10 000 m² 4 300 m² 10 000 m² l’initial IRT 197 m² Plastic 30 000 m² BE Omnium 11 500 m² 33 000 m² UDZ 2 block B2 accinov Gecina 7 000 m² 6 000 m² 33 350 m² block k Cardinal 2 000 m² Sevèn 34 000 m² 12 500 m² Part-Dieu Confluence programme programme veolia redevelopment 11 500 m² Sanofi Gerland Carré de Soie programme programme 22 23
24 25
Lyon Part-Dieu, lyon part-dieu: Main projects A novel and thriving ecosystem Key Phasing The second-largest tertiary hub and concentration Existing property of headquarters in France and the area of reference for the agglomeration’s tertiary industry Lyon Part-Dieu continues 1 Velum Under construction 2 Be its development by becoming more and more one of Europe’s leading areas for 2013 2013 pilot activities and conception of new industrial, energy, urban and infrastructure 3 Aprilium 2 4 Equinox systems including IT and digital technologies. Adding to the business area’s 2013 2014 historic activities, these functions strengthen its international appeal. Investors 5 Departemental 6 Incity archives 2015 and businesses wishing to invest in latest-generation buildings, designed to 2013 optimise the quality of working environment, with excellent value for money, 7 Le Cristallin 8 Green Part-Dieu find a competitive environment and important projects. 2013 2013 Planned 7 Sky 56 8 Immeuble Eurosic 2016 2015 9 Silex 2 10 Silex 1 2017 2015 Connected Efficient 11 Cluster HB 2018 45 000 A central and easily accessible location forms With an extreme high-density level jobs the DNA of the Lyon Part-Dieu area, which of facilities and services, the area’s is organised around the TGV station an development project aims to diversify the real Other its multimodal hub: its express tramway estate supply by offering a complete range Greenery connecting the Lyon-Saint Exupéry of tertiary products. The quality of services, international airport in 30 minutes, and the quality of life for businesses, their Recreational and commercial centre metros, tramways, buses, vélo’v stations, employees, their visitors and residents is at taxis, bus terminal, car rental and over the heart of the project, by creating public Multimodal hub ..................... 7 500 public parking spaces weave an spaces that include places to breathe and outstanding and unique multimodal relax. Performance and quality of life are 500 000 trips A railway pattern. Connected to Europe, Lyon Part- also very important in the major project Dieu is immediately linked to Lyon’s “Gare ouverte”, reconnecting/restructuring station Transport city centre, as well as to the major the multimodal transport hub to offer more of European economic hubs in Lyon’s south and east: comfort, capacity for growth and dedicated dimensions Motorway Tramway station Villeurbanne, Carré de Soie, Meyzieu, business service areas. From the heart per day Road Tramline Gerland and Confluence of the area starts the expansion of soft Railway Planned tramline transport modes, pedestrian connections, Metro station and the creation of innovative and intelligent INTENSE signage to promote mobility and reduce Bus station Main bus route travel time. 1 shopping centre Switching from dynamic business activities The rehabilitation of the existing stock with 267 shops (20 000 jobs in the area), the area’s growth through large-scale projects is based and department stores: Transport information: shows a specialisation towards the fields on the area’s architectural heritage and 33 million visitors per year of energy, engineering, complex projects, develops underused property. As a genuine • TGV hub of national and European stature, up to infrastructure and physical, IT and digital reconstruction of the city, it is reflecting ................................... 150 TGVs and 400 regional trains per day. • 30 miniutes from the Lyon-Saint Exupéry international networks, with large groups and small and the silhouette of the city, trusted to the airport: 120 international destinations. 2 000 hotel • Metro line B, tram T1, T3 and T4, “Rhônexpress” medium-sized businesses working at a signatures of talented architects. and 11 bus services. regional and global level (also 20 000 jobs in these fields). These economic developments and apartment hotel rooms Facilities: accompany the area’s substantial ................................... •M ore than a hundred restaurants: mixing large chains, transformation into a leading tertiary hub in high quality, and traditional restaurant supply; Europe. More than just a business area, Lyon 650 000 m 2 •A diversified hotel range with 2 000 rooms, from 1 to 4 *, 1 000 000 m² in both hotels and apartment hotels; Part-Dieu is a space of flux and exchange, a lively area punctuated by a renowned additional office space between •A n extensive cultural and recreational offering: Lyon’s central multimedia library, les halles Paul Bocuse, office space now and 2020 Auditorium, multiplex cinemas… cultural offering and appealing events. • Six inter-company daycare centres •N umerous sports facilities, both private and public: swimming pool, gymnasium, gyms. An occupancy rate of over 130 to 320 € ex VAT/m2/year 97% rental range in Lyon Part-Dieu 26 27
95 000 m2 FOCUS cluster of hotels and offices: an unconventional mixed project In 2018, Lyon Part-Dieu’s heart will beat a little faster, enhanced by a new and exceptionally attractive hub… The most important tertiary and hotel industry programme ever undertaken in Greater Lyon for its size, the 95 000 m2 cluster of hotels and office i They have already chosen Lyon Part-Dieu for their regional and international activities or headquarters: • Energy: Areva, EDF, ERDF, GRDF, Vinci Energies, Enel Green • Banks and business financial services: Caisse d’Epargne, Banque spaces will be placed next to the Lyon Part-Dieu railway station. At the current site of the Novotel and Power, Spie Nucléaire… Populaire, Banque Rhône-Alpes, Société Générale, BNP Paribas, Athena hotels, 25 000 m2 of buildings will be demolished to make space for the construction of an • Industrial and urban engineering: NFM technologies, Banque Palatine, Natixis, Oséo, Crédit Mutuel Arkéa... ensemble of 95 000 m2 providing a combination of offices, hotels, shops and services: Rhodia, Bluestar Silicones, Egis, Artelia, Setec, Poÿry... • Services, auditing and consulting: Ernst & Young, Manpower, • Transport and mobility: SNCF, RFF, Keolis, Axxes, Emirates, Haworth, Adamas, American Express, Nespresso, Grant • 4 * Crown Plaza hotel with 250 rooms, Air France, Clasquin… Thornton... • 4* Novotel hotel with 200 rooms • IT and digital service providers: Atos Worldline, Orange, • Insurance: April, Maaf, Maif, Scor, Swiss Life, Groupe Mornay, • 55 000 m2 of office space. Cisco, Oracle, Everial, Intitek, Compart, Asolution, CSIF... Réunica... • Developers: Certu, Nexity, Bouygues Immobilier, Icade… • World Trade Center Lyon: located since 2012 in the Oxygène tower, hosting 20 international companies starting their business in Lyon. Equinox Tour Oxygène Be 11 000 m² 11 500 m² EUROSIC BUILDING Edison Brotteaux 95 000 m2 3 000 M² 1 000 m2 Silex 1 10 000 m2 hotel/office cluster (available) 10 000 M² Velum mid 2018 (55 000 m2 office space and 2 4 500 m2 4* hotels with a total of 450 rooms) lyon part-dieu programmes 2013 2015-2017 2018 Aprilium 2 Sky 56 4 500 m2 32 000 M² Le Crystallin Silex 2 4 000 m2 30 000 m2 Green Part-Dieu Incity 11 500 m2 42 000 m2 28 29
LYON CONFLUENCE, Lyon Confluence: Main projects converging aspirations Key Phasing Existing property La Confluence is one of the biggest urban redevelopment Under construction projects in Europe. 1 GL Events 2013 2 Euronews 2014 3 Esplanade Fr. Mitterrand It focuses on the transformation of brownfield sites located at the confluence of the Rhône and Saône, as an extension of Lyon’s city centre, 4 MJC 2013 5 îlot P Hikari 2015 6 îlot H 2014 doubling its size. The first phase was successfully completed and already 35 hectares of the second phase invite further investment in this exceptional, 7 îlot K 8 Planned Rives 9 “La VIE de Saône project grande ouverte” bright, waterside and natural environment at the confluence of the two rivers. 2014 2015 10 Raymond Barre 11 Musée des bridge confluences 2014 2014 Planned 12 Girondins bridge CENTRAL Innovative Creative Other Greenery Special attention has been given to How to optimise parking according to Bordered by a 2-kilometer long city transport, as the space has physical life and user style? Along the Quai de park along the Saône riverbanks, Recreational and commercial centre constraints. Directly connected to the Perrache, a unique system of shared the Confluence embraces a mix of Multimodal hub Perrache transport hub, which provides a parking spaces is under development: used uses, creativity and innovation. The bus terminal, railway station for TGV and by employees during the day and available area already houses various media regional trains, and the metro terminal, for residents and visitors at night and on outlets, cultural institutions and there is the T1 tramway running through weekends. This way, public space is freed governmental entities (Rhône-Alpes Transport the area. This line will be extended to the from parking and can be put to better use. region headquarters, Regional Chamber Motorway Metro line Gerland area in 2014. The creation of a As the first French WWF sustainable area, of Commerce and Industry, the Bank of Road Tramway station railway stop on the territory’s south end is Lyon Confluence is committed to emitting France…). Designed around an artificial Railway under consideration. no more greenhouse gases in 2020 than waterfront and interspersed with In an easily walkable neighbourhood, in 2000. Laboratory and showcase for the numerous terraces, shops, recreational Tramline Planned tramline a bridge dedicated to tramway and soft “smart city”, Confluence houses various facilities and apartments, it offers its transport modes will cross the Rhône environmental initiatives: renovation of residents a sustainable and comfortable starting late 2013 to connect with old buildings, sustainable new buildings, living environment. Businesses that Gerland. In 2020 the Girondins bridge creation of an urban heating network, use have chosen this area take advantage of will strengthen the connection of these of biomass and solar energy, controlled high quality visibility, in close proximity Urban Development two areas. role of the car, anticipation and sharing of to the historic city centre. Zone (UDZ) produced energy. 2nd phase 1st Phase ................................................... Urban planners: Atelier Ruelle Landscape architect: Michel Desvignes 150 ha 2nd Phase ................................................... 25 000 of which 70 hectares terrain Urban planners: Herzog & de Meuron for redevelopment Landscape architect: Michel Desvignes 4 000 100 000 m 2 16 000 future Perrache railway station and former prisons of constructible future future ................................................... surface area residents employment apartments Urban planners: Atelier Ruelle (10 000 today) (12 000 today) Eco-renovation: Urbanis, Tribu, Enertech, Hespul 30 31
LYON CONFLUENCE, 1st Phase 2nd Phase PERRACHE In 2020 (2003-2015) on 41 ha 400 000 m2 net floor area including: (2011-2015) on 35 ha 420 000 m2 net floor area including: AREA • 145 000 m2 housing • 140 000 m² housing • 130 000 m2 for tertiary and activity use • 230 000 m² or tertiary and activity use around railway station • 95 000 m2 retail, hotels and services • 15 000 m² retail hotels and services and former prisons • 30 000 m2 public facilities and spaces • 35 000 m² urban public facilities • 15 ha • 126 000 m² net floor area 1.165 m€ in First completions investments planned for 2016 • 5 000 university students by 2015 ................................................................................................... 230 - 250 €/m /year 2 new construction prime rent ................................................................................................... Lyon Confluence has entered its second construction phase: The terrain previously occupied by the wholesale market and the railways has been redesigned by i Positive vibrations from block P Emblematic of the new quality of city provided by the Lyon the firm Herzog & de Meuron to house a multifunctional project. In 2020: 420 000 m2 of net floor Confluence area, block P will house 3 positive energy area, 50% of which intended for tertiary activities, 40% for housing and commercial activities and the buildings. The technological support of Nedo (Japanese remaining 10% for public facilities. Two sectors distinguish themselves: Energy Efficiency Office) will encourage a moderation The market area, mixed and dense, maintains 30% of the covered market heritage. It will become in energy consumption without compromising comfort. the new home for the Maison de la Danse. A smart grid will allow the control of energy in an optimised Le Champ, a green zone composed of private plots, bordered by public pathways and valleys, way scaled to the three buildings. The 12 000 m2 project has will house activities for creative industries and a residency for international researchers. been designed by the architect Kengo Kuma, and developed by Bouygues Immobilier associated with SNC-Pitance. BLOCK K UDZ 2 BLOCK B2 Hikari - BLOCK P 2 000 m2 Convergence 7 000 m2 UDZ 2 BLOCK A3 7 772 m2 10 378 m2 Esplanade 10 000 m2 François Mitterrand lyon confluence programmes 2013 2015 2020 32 33
Lyon Gerland, LYON GERLAND: Main projects THE FACTORY OF EXCELLENCE KEY Phasing Existant Under construction The historic area of the Lyon Industry, 1 Domilyon delivered 5 Raymond 3 Ambre & Opale ACCINOV Nov 2013 Barre bridge 2013/2014 IRT 2017 2014 Gerland offers an attractive location, basing its development on a dynamic economic mix of life sciences and tertiary diversification. A desirable Planned area, Gerland is also a lively neighbourhood which hosts many of the city’s 4 PUP Aguettant 5 Plastic 6 îlot Fontenay 2014 Omnium large events. 2015 7 Sèven 8 Gecina private 9 Pont des 2015 operation Girondins 2015 10 Le RUBIK 2015 Biopôle Intelligent Other 2 000 Formerly the industrial district, Gerland Greenery knew how to negotiate the innovation 500 000 m curve and cultivate its character as businesses Recreational and commercial centre an innovative and productive quarter. 2 Supported by an ambitious urban project, Multimodal hub the area offers a wide variety industrial net floor space and tertiary companies and attracting a growing number of innovative small and in the existing business park transport medium-sized businesses. From research Motorway 30,000 to production, Gerland hosts life-science 150 000 m Road organisations around the Biopôle to boost its internationally recognised expertise. 2 Railway Metro station net floor space ACCESSIBLE Tramway station of tertiary potential Tramline Located at the southern entrance of by 2015 Planned tramline Lyon, in close proximity to the ring road and the motorway, Gerland offers a unique jobs Planned metro line accessibility. Connected to all the main routes, the area is also directly linked to the Part-Dieu Railway station by the Metro 3 000 line B. In 2014, the extension of this line to i the south of Oullins, and the T1 tramline to GIRONDINS 70 000 m² the confluence area, will further strengthen OPPORTUNITIES the connection between neighbouring areas and the Jean Macé public transport hub, which opened in 2009. students URBAN of net floor space for DEVELOPMENT tertiary development, ZONE and 30 000 m2 available in 2015 Lively Lyon TECHSUD 2 600 € Gerland benefits from a social and 190 to 215€ / m / year new prime rent 2 The 17.5 hectares of the Girondins urban 100 000 m2 of net floor area for technological tertiary development, including 30 000 m2 of new professional mix reflected by its economic ................................................... development zone provide opportunities for real estate available in 2017 dynamism and a steadily increasing investors and developers to deploy varied for housing population. With large facilities for both 10 000 m2 occupied / year large-scale projects. and 7 000 m2 for shops cultural and sporting events, Gerland is on average over the last ten years This area, which is one of the last remaining and businesses Other programmes bordered by the second biggest urban park major redevelopment sites in the heart of ambre and 18 549 m2 in 2012 in the city along the banks of the Rhône. the city, already hosts tertiary activities and Le RUBIK 8 500 m2 available A real alternative to the Part-Dieu district, 12 500 m2 alongside the Ambre programme, offers 16 months after signing the dynamic of development and innovation available in 2013 12 500 m2 available in 2013. in Gerland offers businesses genuinely SUNWAY 6 900 m2 available attractive services at very competitive costs. opale 12 500 m2 to be dedicated to La Poste in 2014 34 35
Gerland Biopôle, appeal OF A TOP-CLASS THE URBAN CAMPUS ENRICHED AN VALUE CHAIN AN AREA OF GLOBAL REFERENCE LyonBiopôle builds on the model of With incubators for start-ups, business parks for small and medium sized businesses, an urban campus, “headquarter” properties for key accounts, offering an attractive environment and the draw of this project has already seduced world-renowned experts (Sanofi Pasteur, Merial, FOR HEALTH AND BIOTECHNOLOGY lifestyle to its diverse audiences by mixing Genzyme...) and innovative small and medium sized businesses (Aguettant, Episkin, Genoway, a vast range of services (catering, sport, Imaxio...) around its excellent facilities. The Biopôle is asserting its vocation as an international culture... ) and high quality urban and centre allowing the implementation of large companies, new professional links or even landscape facilities (in close proximity research centres dedicated to ground-breaking subject areas: to Gerland Park...). In addition, the • the acCInov innovation platform will be delivered in 2013, densification and meshing of its professional • the first brick of the all-new 30 000 m2 development hosting the Institute for network seeks to create an “environmental Technological Research in Infectious Diseases (phase 2) will be laid in 2017, effect” by encouraging creative exchange: • The World Centre for Infectious Diseases is scheduled for 2020. an open innovation platform, a place for Leading in the world rank, exchange and conferences... Naturally, its Gerland’s LyonBiopôle continues to grow with two major assets: the presence land reserves allow for new development opportunities for investors and users. of leading global players and a promising urban project. In a same dynamic, the Biopôle unites academic roles, higher education institutions, centres of excellence and private businesses, covering all the links of the value chain, 100 000 m² P4 from research to the commercialisation of innovative health products. 1 of new real estate available Biopôle LyonBiopôle hosts as many research and production sites as company headquarters. in 2017 100 ha laboratory dedicated to life sciences Opening of IRT Laying the first brick of the ACCinov phase 1 Aguettant premises opening Reorganisation of Sanofi Pasteur offices Doubling of the IBCP Opening of the World Centre P4 Laboratory expansion for Infectious Diseases THE GERLAND BIOPOLE MILESTONES 2013-2014 2015 2020 Industrial Opening of the Academic extension of Opening of the T1 tramway Extension of Start of construction of the General interest METROLINE B extension to METROLINE B “ANNEAU DES SCIENCES” IN OULLINS Opening of Gerland Debourg to south hospitals MUSEE DES CONFLUENCES i Headquarters of the jobs in greater Ecole Normale Superieure in Lyon, Gerland, 35,000 Lyon Presence of the University of Lyon. THE TRADITION OF INNOVATION A historical anchoring... Local and global ambition... CIRI: International Centre for the Research of Infectious Diseases ........................................ EISBM: pean Institute for Systems Biology and Medicine & 100 000 in the IBCP: Institute of the Biology and Chemistry of • Creation of the Mérieux Institute in 1897 by Marcel Mérieux • LyonBiopôle, an industrial engine, boosting the economy of Greater Lyon Rhône-Alpes region Several research institutions Proteins IGFL: Institute of Functional Genomics of Lyon INSERM: National Institute of Health and Medical • headquarters of Sanofi Pasteur, the largest private employer in the metropolitan area: 6 700 jobs • Greater Lyon, an area recognised as a prime example on the global map thanks to the Biopôle. (CIRI, IGFL, IBCP, EISBM, INSERM…) Research • 5 000 jobs in the health industry, 2 000 researchers • The ‘life-sciences’ branch at Gerland: an economic project within • Headquarters for the global cluster LyonBiopôle a mixed and welcoming urban environment 36 37
You can also read