Business real estate - Lyon Part-Dieu

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Business real estate - Lyon Part-Dieu
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Business real estate - Lyon Part-Dieu
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
Business real estate - Lyon Part-Dieu
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
Business real estate - Lyon Part-Dieu
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
Business real estate - Lyon Part-Dieu
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 real estate - Lyon Part-Dieu
Direct
     connections
     Lyon open
     to major cities

10                     11
Business real estate - Lyon Part-Dieu
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 real estate - Lyon Part-Dieu
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
Business real estate - Lyon Part-Dieu
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
Business real estate - Lyon Part-Dieu
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
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