Commerz Real Sells Office Complex in Lyon

Completed in 1993 and acquired in 2003, the Le Danica property has a lettable floor area of 15,500 m² and 435 parking spaces, and is centrally located in the business area of Lyon’s Part Dieu district. The complex, which includes three buildings and is fully let, was bought by Züblin Immobilière France, a subsidiary of Züblin Immobilien Holding AG, having SIIC status.

About Commerz Real AG:
Commerz Real AG is a fully owned subsidiary of Commerzbank AG, Germany. With 44 billion euros in assets under management, it is one of the world’s largest property asset managers and providers of leasing and investment solutions. Commerz Real focuses on the provision of investment products, such as open-end and closed-end property funds, institutional property funds, REITs, closed-end funds for ships, aviation, and renewable energy. The spectrum of services includes moreover the area of structured investments, which combines the activities of real estate leasing, big ticket leasing, and structured financings, as well as movables leasing.
Commerz Grundbesitz-Spezialfondsgesellschaft mbH (CGS), a company of Commerz Real Group, currently manages six special funds for institutional investors. The real estate assets managed for the existing funds currently have a total value of approx. 1.7 billion euros.