Aviva snaps up prime office asset in Lyon

Aviva Investors, the global asset management business of Aviva, has acquired the Lugdunum Building in Lyon, France from local player Groupe Unofi.

Financial details were not disclosed.

Located in Place Jules Ferry in the Brotteaux district, part of the sixth arrondissement of Lyon, the Lugdunum Building is adjacent to the city’s Part-Dieu business district. The building provides a total of 21,180 m2, which is currently fully-let.

Originally built in 1920 as a hotel, the Lugdunum was converted to office space in 1934, before being fully refurbished in 2012 by Sogelym Dixence.

Adrien Beuriot, Aviva Investors' head of asset management for Continental Europe said: 'The Lugdunum is one of Lyon’s symbolic buildings. It provides an extensive and exceptional office space in this market, and benefits from both a convenient location and strong architectural identity.

'We believe it has the potential to add further value to our portfolio, as we continue to focus on acquiring high-quality buildings in good locations which drive performance for clients.'

Aviva Investors Real Assets was advised by Thibierge Notaires, the cabinet SBKG, the advisors Siena Ingenierie et Manexi. Groupe Unofi was advised by Me Sylvie Bret, Notaire – Etude Ginon et Associés. Alex Bolton was the advisor for the two parties.

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