Lyon, the city to invest in!

Transcription

1 investor MAG 2009

2 Valode et Pistre Lyon, the city to invest in! Lyon is one of the six Western European cities most favored by real estate investors*. This positive statement sums up the attractiveness of real estate in Lyon. Knowing, moreover, that the urban area is well known for its quality of life, we understand why its attractiveness radiates throughout Europe and the world. The office, business, and logistics spaces occupancy rates and the limited increase in costs per square meter, which are competitive with the rest of Europe, are essential factors in the Lyon real estate situation. In 2008, more than 830 million Euros were invested in corporate real estate. In addition, active oversight policies for major urban projects ensure that prospects for the future are reassuring. As the first regional service industries hub and first regional decision-making center, the Part-Dieu area will soon be hosting two high-rise buildings (the Oxygène and Incity towers) and many other service programs that will underscore its mission as a European business center. With the Confluence, the Carré de Soie, and Gerland, the entire urban area is going from strength to strength. Building on this, in 2009 Lyon is consolidating its position as a European urban area, developing, among other things, its synergy with the city of Saint-étienne and Lyon- Saint Exupéry Airport. *Study on Emerging Trends in Real Estate Europe 2008, published by the Urban Land Institute (ULI) and PriceWaterhouseCoopers in April 2008 SuMMAry Lyon, a growing real estate market p. 4 Office real estate is on the rise p. 6 Business ad logistics premises rely on quality p. 8 The Part-Dieu, a european-scale business and services district p. 10 La Confluence, a new center for Lyon p. 14 Lyon weaves its future at the Carré de Soie p. 18 Data center, the new generation investment p. 20 The Lyon-Saint Exupéry Airport focuses on real estate p. 22 The Biopôle Gerland, a healthy environment for the services sector p. 24 Students housing, investing for the future p. 26 Sites to invest in p. 28 Contacts p

3 IN 2008, 43% OF THE AMOUNTS INVESTED IN THE LYON URBAN AREA WERE OF FOREIGN ORIGIN The Lyon urban area continues to attract investors in the corporate real estate market with a varied and quality offering of premises in line with requirements. LYON A GROWING REAL ESTATE MARKET Changes in On January 1 On December 31 Premium Yield Offices 5.80% 6.50% Logistics 6.60% 7.40% Business 7.90% 8.50% Source : FNAIM enterprises Lyon continues its dynamic growth Lyon is in demand. According to the study Emerging Trends in Real Estate Europe 2008, published by the Urban Land Institute (ULI) and PriceWaterhouseCoopers in April 2008, for the 3 rd year, Lyon ranks among the club of the six Western European cities preferred by real estate investors. Currently attracting the same level of interest as Frankfurt, the Lyon urban area has established itself as an alternative to London and Paris, 4 thanks to its highly competitive, quality real estate and quality of life. The figures speak for themselves. In 2008, more than 830 million Euros were invested in real estate. This amount is consistent with the average for the last five years, although less than in 2007, which was a record year, with 1 billion Euros of investments (766 million in 2006). A resistant, diverse market Lyon has stood up to the economic climate thanks to a solid rather than speculative market, and high-quality projects that meet the needs of businesses. In 2008, 53% (48% in 2007) of the amounts invested were invested in services sector real estate, 31% (13% in 2007) in logistics and 16% (18% in 2007) in business premises. The commercial share is not well represented in 2008, since the major projects underway were acquired before In 2008, 75,000 m 2 of office space, 30,400 m 2 of business premises and 66,000 m 2 of logistics buildings were sold to investors. This is explained by the health and density of Lyon s economic fabric, which translate into good occupation rates for buildings for housing services, logistics, and businesses. Industrial and Logistics Premises: Highly Sustained Demand for Logistics In m 2 metropolitan lyon: change in demand invested in industrial and logistics premises (Source CECIM 2008) % Logistics 16% Business premises Metropolitan lyon: breakdown of investments (Source CECIM 2008) 53% Services Industry Real Estate 5

4 The confirmation of Lyon as a regional capital and the completion of combined business projects have enabled the Lyon real estate market for the services industry to continue to grow in Its strength and its development projects will enable it to remain active in Office space on the increase Services industry activities are an important axis of economic development for Lyon, and these now account for two thirds of the assets of the metropolis. As the second concentration of decisionmaking centers and second services industry area in France after Paris, the Lyon urban area now offers almost 4.6 million m 2 of offices, and the stock continues to grow. Along with the Part- Dieu, the main business district that will be enhanced by high-rise buildings (the Oxygène tower, 39,000 m 2 including 28,000 m 2 of offices in 2010, and the Incity tower, 40,000 m 2 in 2013), other additional large-scale services centers will come online: the Confluence (with successive delivery of sites such as Timesquare 6,000 m 2 delivered in 2008, Monolithe 14,300 m 2 to be delivered in 2010), the Carré de Soie (Touly programme, 11,000 m 2 by 2011), Vaise (Docksite, 11,000 m 2 ) and Gerland as well. This multiple hub and the ongoing construction of quality real estate projects to meet the demands of business have meant that the service sector has remained strong in A solid market In 2008 the Lyon market confirmed its strength compared to other cities, with nearly 238,000 m 2 placed, a volume of activity above the average for the last five years. In 2008, 60% of this surface area concerned new premises, which emphasizes the quality of the products offered. The Part-Dieu accounted for 22% of the m 2 leased in 2008 and Eastern Greater Lyon 15%. More than a third of the demand involved sites in Vaise, the West Business Hub, Gerland and La Confluence. The buildings delivered posted a healthy occupancy rate in 2008 due to business growth in recent years and transactions of more than 2,000 m 2 that represented 45% of the demand filled. Prices, increasing slightly, are now between 230 and 260 Euros excl. Taxes/excl. Charges/m 2 /year in new premium rental value. This is a reasonable rent level that should allow Lyon to confirm its vitality in During this difficult period, the city can also count on its quality of life, and the quality of its infrastructure, which are determining criteria for locating companies and managements that are consolidating and rationalizing their real estate property. Mr. Pascal Hamelin Director, Atisreal Lyon/BNP Paribas Real Estate As far as users are concerned, transactions for offices in Lyon have reached a level well above that of comparable cities nationally (Lille, Aix-Marseille, Toulouse, and Bordeaux). And the new share is increasing significantly. The momentum is shown by the success of the Part-Dieu, where buildings under construction have seen their pre-marketing rentals increase at a steady rate in an environment where the owner/tenant relationship has even remained favorable to lessors until early These trends confirm the attractiveness of Lyon in the eyes of major corporations. On the investment side, the fundamentals and future prospects for Greater Lyon area should allow this market to be considered a safe haven by the major players. This is a position that will most likely lead to a large volume of trade in OFFICE lyon metropolitan area: changes in demands invested in offices since 1998 (Source CECIM 2008) premium office rental rates charged in europe in 2008 REAL ESTATE Existing New IS ON THE RISE 6 Paris Dublin Milan Francfort Barcelone Lyon Marseille/Aix Toulouse Lille 7

5 BUSINESS AND LOGISTICS PREMISES RELY ON QUALITY With 700,000 m 2 more high-performance business premises sold, the Lyon urban area has confirmed its status as a major economic center at the service of a major industrial area. Quality industrial locations With 293,000 m 2 placed in 2008 with trading, manufacturing and construction companies, the volume of the industrial real estate sector is standing firm at the same level as The share of sales to users has fallen, while rentals have taken up the slack. This represents 269 transactions, primarily in favor of the Eastern Lyon urban area, which contains 75% of the immediately available space: nearly a quarter was invested in new construction, a relatively stable portion compared to previous years. New products feature major quality improvements, from the architectural and the environmental standpoints in business parks. Growth in logistics space The market for logistics premises saw further growth in 2008, with 430,000 m 2 placed (130,000 m 2 directly) versus 394,000 m 2 in The vast majority of surface area has been leased and 69% invested in new construction. This demonstrates the importance of having flexible quality products. It should be noted that transactions of more than 20,000 m 2 account for 29% of the demand invested. Two thirds of firms are positioning themselves on premises in the outer suburbs, on the Plaine de l Ain, north of Lyon, and in northern Isère. NEW PREMISES ATTRACT BUSINESSES THROUGH THEIR ARCHITECTURAL AND ENVIRONMENTAL QUALITY There are 520,000 m 2 of space immediately available today of which 340,000 m 2 are latest generation projects with rents ranging from e45 to 48 excl. Tax/excl. charges/m 2 /year. These prospects will help Lyon to confirm its role as a major logistics hub for the north/south-east backbone of France (Lille-Paris-Lyon- Marseille) in

6 THE PART-DIEU A EUROPEAN-SCALE BUSINESS AND SERVICES DISTRICT THE PART-DIEU IN 2020: ALMOST 1.3 MILLION M 2 OF OFFICES At the heart of the Lyon urban area, designed around the TGV railway station and its direct connections to Paris and Europe, the Part-Dieu has become a business district on a European scale, with ambitious real estate projects and with interconnections to the world. In 2011, the Leslys tramway line will directly connect the district to the international airport in 25 minutes. The second French business district continues to develop Currently, the Part-Dieu includes 850,000 m 2 of offices, along with the central economic and strategic operations for the urban area: local and national government, headquarters for regional banking institutions, insurance companies, major corporations, and major consulting and engineering firms. This foundation gives confidence to investors, since 22% of the services sector demand was invested in the Part-Dieu in And the Part-Dieu has big plans. From 2009, south of the railway station, along the Vivier-Merle Boulevard, the Anthemis building (ZAC [Mixed Development Zone] of La Buire), developed by Cogedim, will offer 19,900 m 2 OSC [Overall Surface Clear]; in the Thiers ZAC, the Carat building, built by Icade and bought by Générali, will provide 12,500 m 2 along with 5,730 m 2 of the Open 6 building, built by UTEI. The Part-Dieu gains stature The famous pencil, the symbol of the town overlooking the city, will soon be challenged by the Oxygène tower. Built across from the train station, adjacent to the shopping center with exceptional environmental quality, the tower developed by Steiner Sogelym will offer 28,000 m 2 of offices and 11,000 m 2 of shops in In 2013, the Incity tower (40,000 m 2 OSC [Overall Surface Clear]), whose 200 m will overlook the Part-Dieu. High-quality office construction, upgrading public spaces (such as Garibaldi Street), new business services and hotel development: these are Part-Dieu s goals for THE PART-DIEU IN FIGURES 8,400 companies and government offices 400,000 m 2 OSC potential for new operations 60,000 jobs and almost twice as many counting the immediately surrounding area 1,125 hotel rooms 110,000 m 2 GLA shopping 7,000 public parking spaces 85,000 people a day passing through the station (the largest passenger railway 10 station in Europe) 11

7 THE PART-DIEU A EUROPEAN-SCALE BUSINESS AND SERVICES DISTRICT INTERVIEW Mr. Marc Balaÿ DEPUTY MANAGING DIRECTOR SOGELYM DEVELOPPEMENT FOR DIXENCE AND SOGELYM STEINER How do you see the way the Part-Dieu is changing? The Part-Dieu today is a European business district with a real growth potential. Lyon has an area in the downtown where buildings have room to grow upwards, which is very rare in Europe. This extraordinary piece of luck is a challenge for those involved in development. The Part-Dieu was planned on the basis of a horizontal conception, as was La Défense. This needed to change, so that the district could link up better with the city, encourage all flows of people and traffic and be understandable on all scales. Vertical development is a sign of modernity and dynamism, and has its role to play in this approach. In concrete terms, the Oxygène and Incity towers are designed in this way and resolutely welcome users. The arrival of these two towers is helped by two other large-scale projects, rolled out as part of the transformation of the Part-Dieu: the current makeover of the boulevard Vivier Merle and the coming alterations to the avenue Garibaldi. This green avenue will be simplified and leveled to create a new link between districts. These east/west roads will be brought alive for a variety of users, giving structure to the urban area and projecting the Part-Dieu into a downtown context. standards for high-rise buildings. Quality also means making the best use of space to give users rental costs identical to those of conventional buildings with the view and the appeal as a bonus. What are the outstanding technical features of these projects? For the Incity Tower, we have included a number of developments, especially for moving people up and down. By having two lifts in the same shaft - the first time this has been done in France - we have saved space that can be used to better advantage. Another example is a system of bioclimatic offices based on ventilation accessible from the frontage. This development brings primary energy consumption down below 100 kw/m 2 /year, in accordance with standard RT2005. This is an outstanding performance for a tower. As the district undergoes this makeover, what changes do you feel are happening in terms of marketing? Lyon is a safe bet for tertiary real estate at a European level but a major change is still to come: the Part-Dieu is a district for companies needing large surface areas of between 3,000 and 10,000 m 2. The market is now ready to accommodate users needing larger areas of 20,000 to 40,000 m 2. For this reason, high-rise towers provide a solution that key accounts appreciate greatly. But to be attractive, Lyon must optimize its recruitment capacity to offer appealing employment opportunities to husbands and wives. The real estate offer is attractive and the quality of life outstanding and increasingly recognized as such. The economic and urban ambitions of the area are justified. What is at stake here, like the ambition we have for the Oxygène and Incity tower projects, is to meet with the expectations of the greatest number by offering quality all along the line and cultivating a model that remains faithful to How does vertical development help to create quality of life? In a country where tall buildings have a poor image, we gambled on openness and quality rather than quantity. Quite naturally, both our projects resolutely embrace the city and offer immediate access at the different levels. The Cours Oxygène and the Oxygène tower open on to the district and propose directly accessible activities and shops to make the area more dynamic and improve quality of life. Quality can be seen, for example, in the design of modestly-sized floor areas of 1,100 m 2 with 80% of the offices lit by daylight; by the use of a double intelligent wall giving energy consumption comparable with that 12 of a standard block, while respecting security what we are and to what we want to provide. 13

8 La Confluence A NEW CENTER FOR LYON South of the historic peninsula at the confluence of the Rhône and the Saône, the largest urban project in Europe will allow Lyon to double its downtown surface area. With its housing, shops, cultural and entertainment centers, its major corporations and institutions, the 150 ha of La Confluence will become a new prestige address in Lyon. 14 La Confluence in figures Project area: 150 ha Mutable land: 70 ha Building surfaces: 1 million square meters First phase: 41 ha, 400,000 m 2 OSC including 250,000 m 2 for businesses Second phase: 24 ha, 420,000 m 2 OSC 180,000 m 2 of offices Area south of the Perrache railway station (departure of prisons in 2009): 5 ha, 130,000 m 2 OSC Current Population: 7,000 Future population: 18,000 inhabitants Current Jobs: 7,000 Future Jobs: 27,000

9 La Confluence A NEW CENTER FOR LYON A multimodal site along the Saône Served by the A7 highway and the Perrache TGV station, connected to the metro network, the area is crossed by a tramway. This line will run along the other side of the Rhône to the Gerland scientific district, passing close to the future Musée des Confluences, to joint the B subway. La Confluence will also benefit from a new rail stop at its center. In addition to exceptional public transportation services, this site enjoys an incomparable natural environment: nearly 5 km of quays, long walkways along the river, and an uninterrupted view of the lush terrain on the right bank of the Saône. Decision-Makers and investors flock to la Confluence The headquarters of advertising agencies and the Le Progrès newspaper group, installed in the former port Rambaud, will soon be joined by other companies and institutions (Eiffage, Région Rhône-Alpes, Espace Group, GL events, Cardinal) as well as starred Chef Nicolas Le Bec. North of the square, facing the future Unibail- Rodamco recreation and shopping center, mixed-use buildings (620 housing units, 15,000 m 2 of offices, 4,000 m 2 of shops and businesses at the foot of the building) are under construction (delivery between late 2009 and Q1 2010). Winners of the European Concerto program award for their environmental quality, these street blocks were created by 12 teams of renowned architects for the developers Nexity Apollonia, Bouwfonds-Marignan and Ing-Real Estate-Atemi. Further north, near the Perrache railway station, a first office building, the Timesquare, has already been delivered at Place des Archives. Located on the Saône side, this first phase represents almost 40% of the planned overall construction, 400,000 m 2 OSC. Investment now amounts to 1.15 billion Euros, 64% of which is held by private investors. And this is just the beginning. One million m 2 project upon completion On the Rhône side, the departure of the wholesale market in January 2009 freed up new land and opened new prospects for the development of La Confluence. The last piece of the puzzle, the second phase of the project, makes provision for the creation in the coming years of a mixed downtown neighborhood, combining offices, housing, shops, and nearby public facilities. For this southern gateway to Lyon, the plans are to devote more than 40% of the overall surface area of 420,000 m 2 to the services sector

10 LYON WEAVES ITS FUTURE AT the Carré de Soie With a commercial and leisure hub, housing and office space between city and nature in an area of 500 hectares near the city center, the Carré de Soie thinks big. At the link between the innermost core of the urban area and its major areas of development to the east, the Carré de Soie is one of the flagship projects of the urban area, destined to become an important services center by A concept in vogue To the east of Lyon, in Villeurbanne and Vaulx-en-Velin, the Carré de Soie enjoys an exceptional environment. Near the Jonage Canal, the project is part of the extension of the Miribel Park, one of the largest natural peri-urban green spaces in Europe. It will highlight these landscaping assets in order to develop the concept of an inhabited park, offering a new way of living for future residents. As of 2009, connecting routes designed for green modes of transportation (cycling and pedestrian) along the canal will link the neighborhood to the city center. Accessibility is another advantage of the Carré de Soie, only a quarter of an hour away from downtown Lyon and the Part- Dieu station by line A and tramway T3. In 2011, with the commissioning of the Leslys express tramway, the Lyon-Saint Exupéry Airport will be just 15 minutes away. Connected to the beltway and the highways leading to Paris, Marseille, and Geneva, in 2013 the Carré de Soie will benefit from the opening of the eastern urban boulevard. Spring 2009: the first programs The leisure and retail park developed by Altaréa opens in spring It offers a 60,000 m 2 OSC complex focusing on family entertainment with a Pathé multiplex with a total of 15 theatres, 50 shops and restaurants, and 8 supermarkets. As an extension of this park, the new racecourse will host educational and play activities (pony club, urban board sports center, aquatic environment discovery center, etc.). This first phase will be accompanied by the construction of a cooperation and ethical finance center of 20,000 m 2 comprising a services program (ethical finance, social housing, and engineering and consulting sector) and a mixed housing program (7,000 m 2 ). A Europe-wide services sector hub for Some institutions are already planning their move to the Carré de Soie. Interpol is planning to expand in the medium term with the creation of a three-hectare global crime-fighting center representing 500 to 700 jobs. By 2020, more than 100,000 m 2 of offices will be available at the Carré de Soie. The architectural quality and HEQ performance of the desired buildings on this land will make it a prestigious address for companies that want to make their presence felt and give their employees a boost. Inter-company nursery schools, restaurants, personal services, and fitness rooms: Carré de Soie will provide a favorable environment and attractive work setting

11 A town that has fiber! The Lyon urban area has an excellent fiber optics telecom infrastructure, particularly through the presence of two GIX points (internet interconnection nodes) that accelerate and secure data exchange. It also has electrical power substations and takes advantage of the presence of the prime contractors, research laboratories, and service centers. Investors can also count on a labor pool of highly qualified workers and on the presence of the best website management specialists. Turnkey storage space Only 30 minutes from Lyon, the Plaine de l Ain industrial park offers the opportunity to construct turnkey data center campuses. This 900 ha park already been approached by global Internet leaders: it has cutting-edge telecom infrastructure with 3 possible entry points for fiber optics, a power supply with high-level quality, and ground quality that will provide both safety and savings in construction. This industrial park is ISO certified and is surrounded by 150 acres of green space offers no less than 300 fully equipped hectares still available. Data center, Data centers are coming back to center stage. Construction of these data processing centers has resumed over the last two years, faced with companies growing needs for gigabytes. The sector is expected to experience double-digit growth for at least the next 5 years. The Lyon urban area provides fertile ground for those who want to invest in IT storage, while giving a new lease of life to their real estate assets. THE NEW GENERATION INVESTMENT since 2007 the exponential growth of storage needs exceeds worldwide storage capacity 180 exabytes Worldwide forecasted needs exabytes 1 exabyte = 1 quintillion bytes An opportunity to convert real estate Rental of computer storage space for businesses is becoming a real opportunity to convert and redevelop real estate property. Former warehouses and other outdated buildings are perfect for accommodating a data center, provided the structural requirements are taken into account: the building must have a slab with sufficient weight-bearing capacity and be equipped with ventilation, a dual power supply, fiber optics, etc. Lyon urban community is assisting companies in designing a program to rehabilitate properties by setting up dedicated task forces that bring together the various stakeholders (EDF/ RTE, ISPs, France Telecom, urban planners, consultants, etc.)

12 With increasing traffic, the creation of a business center, and large land reserves, the Lyon-Saint Exupéry Airport has all the assets to take off and attract investors. LYONAIRPORTS FOCUSES ON REAL ESTATE Successful liftoff for Saint Exupéry With nearly 8 million passengers in 2008, Lyon-Saint Exupéry experienced the highest traffic growth among the major French airports, particularly with the arrival of the hub for low-cost easyjet. Ideally located at the center of European airspace, the platform that hosts the hub of Air France attracts international companies with hundreds of destinations and connections that make it a major multimodal center. Connected to a dense highway network (A42, A43, A6 and A7) and the rail network with its own TGV station, the second French regional airport will have its own station dedicated to express freight as of 2012 (the EuroCarex project). In 2011, the airport will be only 25 minutes from downtown Lyon, thanks to the Leslys express tramway. Offices at the end of the runways The airport is continuing to grow, consistent with its strategy of diversifying its business activities with the opening of its Business Hub in June 2009, adding a 4 star hotel with 245 rooms, a business center, and 10,000 m 2 of office space facing the boarding lounge. The LyonAirports company, which is looking to earn half of its non-airport revenue in 2012 from real estate (versus 40% today), has also just launched the marketing and development of the South Triangle. This eight hectare area located at the southern entrance of the airport hub will be dedicated to offices. This business activity has become a focal point of Lyon-Saint Exupéry s development strategy: the airport has areas that can be adapted to operations, thanks to its reserves of land unique in France and exceptional in Europe. The figures of success 10 million passengers expected by scheduled airlines and charter companies 79 scheduled destinations, including 49 international routes 80 cargo operators 20 TGVs per day 5,600 jobs on site and more than 210 companies located in the hub 200,000 m 2 of land 40,000 m 2 of leasable surface area 22 23

13 THE BIOPÔLE GERLAND A HEALTHY ENVIRONMENT FOR THE SERVICE SECTOR Famous for its football stadium, Gerland is an international center of Lyon s scientific research. At the epicenter of the globally competitive center for infectious diseases, Lyonbiopôle and the Finovi (innovation in infectious diseases) advanced topical research network, the Gerland district hosts the leading corporations in human and animal healthcare, along with research and higher education centers with Charles Merieux campus. Gerland: a center for biomedical research teacher training colleges, Claude Bernard university, the institute of biology and of protein chemistry, the P4 Laboratory and ISARA school. This concentration of gray matter is endowed with excellent accessibility, with a connection directly to the A7 and the outer ring highway, and to the TGV station in the Part-Dieu business district via Metro B. the world leaders in medical biotechnology, is setting up a 3.7-hectare production unit here. Bon Lait ZAC offers business real-estate opportunities (25,000 m 2 OSC) in the heart of Gerland. Further north, new operations are being created with Icade and Cogedim, who are developing 25,000 m 2 of service sector OCS near the place Jean Jaurès metro station. Nexity and the Meunier group are also creating a development along the rue de Gerland with a capacity of 4,000 m 2 OSC and 7,000 m 2 OSC. Finally, the Solaris program, delivered by Bouygues in early 2008, is complemented Figures for the new Gerland 100,000 m 2 available for the 2009/2013 period with an offering sold of around 20,000 m 2 /year 2,000 companies 20,000 jobs, including 5,000 in high tech 30 public research laboratories 3,000 students, 2,000 researchers and lecturers (70% of whom are in the life sciences) New premium rental: 190 euros/m 2 /year The Gerland district hosts the headquarters of companies renowned in the life sciences field: Sanofi Pasteur, Sanofi Pasteur MSD, Aguettant, Merial, Genzyme, Polyclonals etc. This hospitable environment has enabled start-up companies and SMEs to grow (Arrow Génériques, Episkin, Diaverum, Synbiotics, Genoway) in close proximity to academic research and university centers. The A developing Biopôle in the heart of town famous campus of Gerland includes The Biopôle continues to expand with the 24 Lyon Techsud business park (100,000 m 2 by a 4,000 m 2 (OSC) development from of service sector OSC). Genzyme, one of Filying. 25

14 The University of Lyon is the 2 nd French university center, with 120,000 students and 5,000 PhD students. It aims to be within the top 30 in Europe by STUDENT HOUSING 26 The urban area needs 4,500 additional housing units for its students and researchers by As part of the call for bids for the Campus Plan launched by the ministry of higher education and research, the University of Lyon has largely set itself apart by labeling its project the Lyon City Campus. This project, worth e717 million, aims to requalify and revitalize the LyonTech (the Doua-Villeurbanne) and Charles Mérieux (Gerland, Lyon 7 e ) campuses as sites of excellence in the field of international research, but also in order to host students and researchers. With more than 120,000 registered students, including 15,000 foreigners, the University of Lyon must have new housing that measures up to its scientific and educational ambitions, to upgrade the existing stock and offer a range of services dedicated to students and researchers. Under the university development and facilities Plan for the Lyon urban area, in 2009 Greater Lyon will define the preferred location for this new student housing. INVESTING FOR THE FUTURE figures 120,000 students 15% of foreign students 5,000 PhD candidates 2 higher education institutes with competitive entrance exams (École Normale Supérieure) 1 institute of political studies 12 engineering schools 14 business schools 4 medical schools 20 higher educational institutions in Lyon and Saint-Étienne grouped together in the PRES Lyon University research and higher education centre 2 international sites: LyonTech (La Doua scientific campus in Villeurbanne) for Cleantechs and the Charles Mérieux campus for life sciences and social sciences

15 SITES to invest in 28 29

16 CONTACTS You want to invest in Lyon urban area? Lyon Urban Community Department of corporate services 20 rue du Lac - BP Lyon Cedex 03 - France Lionel Delbos Tel.: +33 (0) g_info_economiques@grandlyon.org You need some information on projects? PART-DIEU Lyon Urban Community Department of corporate services 20 rue du Lac - BP Lyon Cedex 03 - France Lionel Delbos Tel.: +33 (0) g_info_economiques@grandlyon.org CONFLUENCE SPLA Lyon Confluence 28 rue Casimir Perier Lyon - France Jean-Pierre Gallet Executive Vice President mcaschera@lyon-confluence.fr CARRÉ DE SOIE Carré de Soie Mission 20 rue du Lac - BP Lyon Cedex 03 - France Pierre-Dominique Guérin Tel.: +33 (0) DATA CENTER Plaine de l Ain Jérémy Camus Development Manager Tel.: +33 (0) Cell: +33 (0) jeremy.camus@plainedelain.fr Lyon Urban Community Department of corporate servicesv 20 rue du Lac - BP Lyon Cedex 03 - France Lionel Delbos Tel.: +33 (0) g_info_economiques@grandlyon.org ADERLY Place de la Bourse Lyon Cedex 02- France Pierre Mathieu Establishment / Prospecting Consultant Tel: +33 0) Cell: +33 (0) pmathieu@aderly.com LYON AIRPORT Lyon-Saint Exupéry Airport Stéphanie-Gagnaire Recors Tel.: +33 (0) stephanie.gagnaire-recors@lyon.aeroport.fr GERLAND Gerland Mission avenue Jean-Jaurès Lyon - France Didier Budin Tel.: +33 (0) dbudin@grandlyon.org 30 31

17 Lyon Urban Community General Delegation for Economic and International Development 20 rue du Lac - BP Lyon Cedex 03 - France Tel.: +33 (0) Fax: +33 (0) g_info_economiques@grandlyon.org ADERLY Economic Development Agency for the Lyon Region Place de la Bourse Lyon Cedex 02- France Tel.: +33 (0) Fax: +33 (0) aderly@aderly.com Edition march Designed by: - Photos: Jacques Leone - Grand Lyon, Valode et Pistre, Asylum, Sogelym, Depaule/Asylum, RIVAL, Ilex et Soho, Stéphane Rambaud, JF Marin Aéroports de Lyon, visuels et photos SERL, Vincent Moncorgé, F. Guy - Agence d urbanisme de Lyon, Brice Robert, Palais des Congrès, Tristan Deschamps - PRD pour Pôle Agroalimentaire, Istock Photo - Cartography: Latitude Cartagène