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
23 October 2024
Alternatives
Real Estate
Head of Research, Europe, Real Estate (EMEA)
UK Real Estate: Talking Points October 2024
UK Real Estate: Talking Points October 2024
Welcome to our quarterly snapshot of current real estate market trends.
18 September 2024
Alternatives
Real Estate
Head of Research, Europe, Real Estate (EMEA)
UK Real Estate – Overview Q2 2024
UK Real Estate – Overview Q2 2024
The UK economy recorded strong growth in the second quarter, with GDP growing by 0.6% in the 3 months to June, primarily led by growth in the services sector.
Read time - 3 min
17 July 2024
Alternatives
Real Estate
Head of Research, Europe, Real Estate (EMEA)
UK Real Estate: Talking points July 2024
UK Real Estate: Talking points July 2024
Political stability, rebased pricing, falling inflation and the expectation of rate cutting are collectively expected to provide a more supportive environment for UK real estate.
Read time 2 min
21 June 2024
Alternatives
Real Estate
Fund Manager & Co-head of Institutional UK Real Estate
Assistant Fund Manager
Green to gold: realising opportunities from the carbon transition
Green to gold: realising opportunities from the carbon transition
We explore the interventions required to monetise green energy, and how investors might benefit from the carbon transition.
Read time - 2 min
22 May 2024
Real Estate
Real Estate
Head of Research, Europe, Real Estate (EMEA)
UK Real estate – Overview Q1 2024
UK Real estate – Overview Q1 2024
Total returns for the UK commercial property market turned positive in Q1 2024.
Read time - 3 min
25 April 2024
Alternatives
Outlook
Head of Research, Europe, Real Estate (EMEA)
UK Real Estate: Talking Points April 2024
UK Real Estate: Talking Points April 2024
Our quarterly snapshot of current real estate market trends.
Read time - 2 min
15 February 2024
Alternatives
Real Estate
Head of Research & Analytics, Real Estate (US), Lionstone Investments
Head of Research, Europe, Real Estate (EMEA)
2024 Global Real Estate Outlook
2024 Global Real Estate Outlook
What's in store for real estate in 2024? Global megatrends and financial conditions will impact returns and sector allocation.
Read time - 4 min
20 December 2023
Alternatives - Real Estate Securities
Alternatives, Real Estate
Head of Property Investment, Thames River Capital
Portfolio Manager
Targeting relative value in listed real estate
Targeting relative value in listed real estate
With inflation data suggesting we are at or near the peak in interest rates and investors assessing scope for cuts in 2024, real estate equities have risen sharply from their lows.
Read time - 4 min
12 December 2023
Alternatives
Real Estate
European Fund Manager, Real Estate
Head of Research, Europe, Real Estate (EMEA)
The resurgence of Europe’s luxury high streets is gathering momentum
The resurgence of Europe’s luxury high streets is gathering momentum
High street retail markets across Europe are benefitting from the solid recovery of tourism, both international and domestic.
Read time - 3 min
You may also like
Investment strategies
We offer a broad range of actively managed investment strategies and solutions covering global, regional and domestic markets and asset classes.
Our funds
Columbia Threadneedle Investments has a comprehensive range of investment funds catering for a broad range of objectives.