Industrial
Isle d’Abeau, France
A new-build asset located along France’s “logistics backbone” with good access to population centers in three countries
About the building
Kennedytoren (Tower), a multi-tenant office asset in our LaSalle Encore+ portfolio, is one of a few buildings of significant size with high sustainability credentials in the Eindhoven, Netherlands office market.
LaSalle’s sustainability-led interventions resulted in an improved leasing environment, during a period of broader valuation decline within the office market. Sustainability has also improved this building’s marketability and tenant satisfaction.
Sustainability driving performance
LaSalle invested in best-in-class sustainable technology – including a new green roof, technology to reduce water consumption, and installation of new internal and external LED throughout the entire building – and implemented more ways to track sustainability progress – via establishing an ecological report for the asset and proactively renewing BREEAM certifications.
These upgrades had a positive effect on leasing. Our asset management team estimates that without the building improvements and sustainability certifications, the available space would have taken on average six months longer to lease; with the upgrades, the building is already fully leased* (average vacancy in this sub-market is between 4-5%).
In one example, Kennedytoren was the only available office building in the market with sufficient space aligned with a tenant’s sustainability requirements, resulting in a long-term lease agreement.
Furthermore, the asset management team is working toward the electrification of the building with the ambition to be independent from fossil fuel with the planned upgrade of the thermal energy storage (TES), which is expected to lead to additional energy savings and improved environmental performance.
Outcomes and recognition
The improved sustainability performance has positively impacted the property valuation and made it more attractive to both investors and tenants; leasing was facilitated and the asset liquidity is improved.
With the enhanced technology, the building’s green credentials exceeded expectations. It attained a BREEAM rating of Excellent instead of an expected Good, and it improved its Energy Label from A to A++.
* As of March 31, 2025
Gallery
Kennedytoren is part of the LaSalle Encore+ portfolio
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Important information
The assets presented are meant for illustrative purposes only, are subject to change without notice and are not meant as a projection or estimate of the nature of any future investments to be made by the Fund or returns on any such investments. This information has been prepared by LaSalle in order to illustrate the type of assets held and/or transactions completed by the Fund; transactions for properties exhibiting the same or similar characteristics may not be available or profitable in the future.
Important information about sustainability
A decision to invest should consider all characteristics or objectives disclosed in the offering document. Please refer to the offering document before making any final investment decision.
Except where specified either in this webpage or any other documents, any ESG or impact goals, targets, commitments, incentives, initiatives or outcomes referenced in any information, reporting or disclosures published by LaSalle are not being marketed to investors or promoted and do not bind any investment decisions made in respect of, or the management or stewardship of, any funds managed by LaSalle for the purposes of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector. Any measures in respect of such ESG or impact goals, targets, commitments, incentives, initiatives or outcomes may be overridden, may not be implemented or may not be immediately applicable to the investments of any funds managed by LaSalle (in each case, at LaSalle’s sole discretion).
Information about Kennedytoren’s ratings and certifications
- BREEAM In-Use certification was awarded July 2023 by the Dutch Green Building Council with an expiration of July 2026. LaSalle provided compensation to the Dutch Green Building Council, the BRE, and a third-party advisor for certification.
- The Energy Label (or Energy Performance Certificate [EPC]) is a mandatory label showing the energy efficiency of a property. EPC issued June 2023 by the Netherlands Enterprise Agency with an expiration of May 2033. LaSalle provided compensation to a third-party advisor for certificate support.