The second largest city in France offers good market prospects in terms of both economic growth and retail consumption. Over the last 20 years in Lyon, the economy has grown at a rate of 2.4% per year, slightly above the national level. Taking into account the overall lacklustre economic background, the Grosvenor research team estimates output growth in Lyon at around 2.1 %.
In Lyon, Grosvenor made its first acquisition in August 2006 with 950 m² of retail space located on the Place des Jacobins, a well-known square in Lyon's presqu’île.
Grosvenor’s strategy for France is to develop long-term investments in high-potential cities like Lyon.