Lyons real estate assets
At the heart of the old city
ANF Immobilier’s real estate assets in Lyon, located on Rue de la République, consist of high-quality Haussmann-style properties representing approximately 30,000 sqm with retail premises on the ground floor, and offices and residential units on the floors above.
At the heart of the old City of Lyon, recognized in 1998 as a Unesco World Heritage Site, Rue de la République is one of the main thoroughfares in the Presqu’île. It runs for 1 km from Place Bellecour to City Hall, and is one of the longest pedestrian streets in Europe.
It is well served by public transport and hosts a number of high-quality chains and shops, making it a particularly popular place during the day and at weekends. This atmosphere is enhanced by the presence of a large number of coffeehouses and restaurants, and also by major cultural venues (such as the Opéra, Musée Saint-Pierre and Théâtre des Célestins). With some 2,000 retail outlets, the Presqu’île area is the retail heart of the city of Lyon.
As of December 31, 2012, ANF Immobilier’s Lyon real estate assets included 2, 3 and 4 Rue de la République and the block formed around 34-36-38 Rue de la République, 9 Rue Jean-de-Tournes and 14 to 24 Rue Thomassin and the one around Hotel Carlton 53, Place de la République and 3 Rue Stella.
During 2012, ANF Immobilier sold the matured Lyon properties to Grosvenor under excellent financial conditions, for an amount of €311.5 million excluding transfer taxes. The discount was limited to less than 10%, taking into account not only the size of the portfolio, but also the lack of funding conditions in the offer of the purchaser.
In 2013, ANF Immobilier will continue actively enhancing the attractiveness of the Rue de la République and the valuation of its buildings.