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FdR unveils €166M redevelopment project in France

Foncière des Régions launched a €166 million project to redevelop the former EDF tower in Lyon, France, into a 30,900-square-meter, two-building complex.

The Silex2 project, in the Lyon Part-Dieu business district, will include flexible office and co-working spaces, as well as living and commercial areas. Work is slated to begin by the end of the year, with delivery expected in late 2020.

The company enlisted BNP Paribas RE, CBRE and Cushman & Wakefield to market the complex, according to a release.

Earlier in 2017, Foncière des Régions delivered Silex1, a 10,700-square-meter office building that is fully leased to BNP Paribas, Nextdoor and Axxes.

Both Silex1 and Silex2 projects are being carried out through a 50.1%-49.9% investment partnership with Assurances du Crédit Mutuel.