AFFINE (EPA:IML) - Affine acquires from Icade a new turnkey development for 7,660 sqm of office building in the centre of the Lyon urban area
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Paris, 15 October 2018, 6:00 p.m.
Affine acquires from Icade a new turnkey development for 7,660 sqm of office
building in the centre of the Lyon urban area
The property company Affine has just purchased from ICADE a new turnkey office
building of 7,660 sqm on 6 levels in Carré de Soie, a rapidly growing district
in the Lyon urban area.
Located on rue Maurice Moissonnier, in Vaulx-en-Velin (69), the building
benefits from its prime strategic location, within a multi-modal transport hub
(Tramway T3, Metro A, Rhônexpress, a direct link 15 minutes to the Part Dieu
train station and 20 minutes to Saint Exupéry international airport), in
addition to the mixed urban development and surrounding infrastructures of one
of the most dynamic districts in metropolitan Lyon.
The future building, scheduled for completion in the 2nd quarter of 2020, is
part of a mixed-use development area, the KARRE, developed by ICADE, which also
includes another 10,130 sqm office building as well as 2 residential units
built around 2,700 sqm of green spaces inspired by concepts of inhabited park.
Incorporating 600 sqm of private landscaped gardens, it will provide 82 parking
spaces on 2 underground levels.
In line with Affine's strategy to purchase new and labelled building, and
sustainable development of ICADE, the building will be HQE certified for
commercial buildings with the Excellent level and will receive the Effinergie+
Championing diversity and hyper-connectivity, Carré de Soie is a rapidly
growing district centred around an efficient transportation hub and has
succeeded in attracting several major users (Technip, Alstom, Adecco, Véolia,
Atos, to name but a few). It has a large number of infrastructures and services
specially designed for its residents: a major service complex exceeding 100,000
sqm, a range of local hotels, a leisure and retail complex of over 60,000 sqm
containing department stores, coffee shops, a cinema multiplex, parks, a water
sports centre, hippodrome. With its cultural, artistic and sports events, it is
a particularly livelydistrict to live in and visit.
"This new acquisition reflects Affine's intention to continue refocusing its
portfolio on recent labelled assets and our goal of contributing to the urban
development of regional urban areas. It is also one of the last opportunities
to acquire a building in the heart of this very attractive district", said
Matthieu Evrard, Affine CEO.
"This sale confirms the attractiveness of the Carré de Soie and marks the
culmination of the KARRE block of buildings, initiated several years ago by
ICADE. We are pleased to contribute to the transformation and dynamic
development of this well-known sector of the Lyon Métropole", declares Laurent
DOYAT, Icade Regional Director.
BNP Paribas Real Estate acted as consultants in the deal. The notaries
representing the seller and the buyer are, respectively, Ms Nathalie Bailly
from the Alcaix & Associés office and Mr Olivier Trichet from the Haussmann
Affine is a property company specialising in commercial real estate. At the end
of June 2018, it directly owned 41 buildings with a total value of EUR588,
(excl. transfer taxes) for a total surface area of 248,400 sqm. The Company
owns office properties (72%), retail properties (22%) and warehouses and
industrial premises (6%). Its assets are distributed more or less equally
between Ile-de France and other regions in France.
Affine is also the major shareholder (49.5%) of Banimmo, a Belgian property
repositioning company with operations in Belgium and France. At the end of June
2018, Banimmo had total assets of 9 office and commercial buildings, with a
value of EUR143m (transfer taxes included).
Total Group assets are EUR769m (including transfer taxes).
In 2003, Affine opted for French real estate investment trust (SIIC) status.
Affine's shares are listed on Euronext Paris (Ticker: IML FP/BTTP.PA; ISIN
code: FR0000036105). It is included in the CAC Mid&Small, SIIC and IEIF
indexes. Banimmo is also listed on Euronext.
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Building for every future
As an investor and a developer, Icade is an integrated real estate player which
designs innovative real estate products and services adapted to new urban
lifestyles and habits. By placing corporate social responsibility and
innovation at the core of its strategy, Icade is closely involved with
stakeholders and users in the cities-local authorities and communities,
companies and employees, institutions and associations... As a commercial and
healthcare property investor (portfolio value of EUR11.4bn as of 06/30/18 on a
proportionate consolidation basis) and as a property developer (2017 economic
revenues of EUR1,209m), Icade has been able to reinvent the real estate
business and foster the emergence of tomorrow's greener, smarter and more
responsible cities. Icade is a significant player in the Greater Paris area and
major French cities. Icade is listed on Euronext Paris as a French Listed Real
Estate Investment Company (SIIC). Its leading shareholder is the Caisse des
The text of this press release is available on the Icade website: www.icade.fr
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