Aviva Investors buys historic French office building from Groupe UNOFI

Aviva Investors has acquired the historic Lugdunum Building in Lyon, France, on behalf of one of its mandates from Groupe UNOFI. Financial terms were not disclosed.

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. The 21,180-square-meter (227,979-square-foot) building is located close to the city’s Part-Dieu business district. It is fully occupied.

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

He added, “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.”