Real I.S. has acquired FactorY, a fully let 6,770 sqm mixed-use building in Lyon, France, from AG Real Estate France for €46 million on behalf of its open-ended fund RealisInvest Europa.
Located in Lyon’s Confluence district, the fully let seven-story building complex is divided into 6,240 square meters of office space and 530 square meters of commercial space, which is all on the ground floor.
The building was designed by Swiss architect Christian Kerez and the Lyon-based architectural office AFAA (executing architects) in line with the WWF principle One Planet Living. The complex has been awarded a BREEAM certificate with the rating Very Good, and HQE Exceptional certification.
The property is now the fifth purchase by Real I.S. in Lyon.
‘FactorY matches our vision of a responsible office property. As the first district in France designated as a WWF Sustainable Neighbourhood, it was developed with the aim of reconciling quality of life and ecology. This mixed-use and innovative building offers its users exceptional comfort in an environment where the art of urban living is rethought in an entirely new way. As a result, FactorY complies with the ESG criteria that guide our asset allocation,’ explains Christoph Erven, President of Real I.S. France.
The FactorY complex is located in Lyon’s Confluence district Ynfluences Square, positioning it at the centre of one of Europe’s largest urban regeneration projects in the city centre area. The complex accordingly benefits from a privileged environment that is particularly popular with start-ups. Situated in the heart of the peninsula, combining inner-city location, innovative architecture and exceptional landscape, the district has become a prime example of future investment in Europe.