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Wider remit sees La Francaise bag Lyon healthcare asset

La Française Real Estate Managers has acquired its first healthcare asset in Lyon, France. The Rockefeller, located at 60 D Avenue Rockefeller was bought on behalf of a collective real estate investment vehicle.

Greater Lyon area is one of the ten largest biotechnology and health markets in Europe and the 5,971 sq m asset is in the Bioparc in the 8th district, which is an intelligence cluster dedicated to innovative companies in health and technology.

The Rockefeller was completed in 2019, comprises a ground floor and five upper levels and accommodates around one hundred multidisciplinary medical and paramedical practices. These include general medicine, psychology, radiology, oncology, and dietetics. The building also houses a balneotherapy centre, a childcare facility, research areas and a restaurant.

The is let on a 12-year lease to healthcare company Medicina, which aims to provide a comprehensive healthcare package associating prevention, care and well-being.

La Française REM, better known for its role in the office sector, has broadened its remit recently by appointing healthcare investment specialist Jérôme Valade as head of healthcare real estate.

“The Rockefeller is a fully let, Best-In-Class asset that benefits from a central location in a major French city, and the facility, with a variety of practitioners under a single roof, satisfies the growing demand for healthcare services,” Valade said.