ME
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Middle East
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Intermediary
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Corbas, Lyon

Past performance is not a guide to future returns. An illustrative example. The presented asset is closed to new investors.

Overview

A brownfield speculative development, the previous building was demolished and replaced by a newly built, modern cross-docking facility delivering last mile logistics to city centre Lyon. The business plan included successfully pre-leasing the building during construction to the French Post Office all while benefitting from a strong leasing market and consistent rental growth.

Background

  • The opportunity was sourced off-market via a developer with whom we entertain a long-term relationship.
  • The property is located in the closest logistics market to the city of Lyon, which is primarily used for last mile delivery.
  • Leasing led to the signature of a 9.5 years closed lease with the French Post Office (La Poste) within only 2 months following the beginning of construction.
  • As La Poste had been identified early in the design process, we were able to tailor the project to their operation while maintaining a flexible cross-docking layout.
  • Works were delivered in July 2021 following a 14-month construction period.

Key metrics

Location

9 avenue du 24 août 1944, Corbas (Lyon), France

Investment strategy

Speculative development

Sector

Logistics

Gross leasable area

12,862 sqm

Acquisition date

May-20

Insights

24 April 2025

Joanna Tano

Head of Research, Europe, Real Estate (EMEA)

UK Real Estate: Talking Points April 2025

Welcome to our quarterly snapshot of current real estate market trends.
24 February 2025

Joanna Tano

Head of Research, Europe, Real Estate (EMEA)

Global Real Estate Outlook 2025

Making sense of global property themes, the economic backdrop, opportunities for investors and prospects for individual real estate sectors.
30 January 2025

Joanna Tano

Head of Research, Europe, Real Estate (EMEA)

UK Real Estate: Talking Points January 2025

Welcome to our quarterly snapshot of current real estate market trends.
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