Danone Research Facility - R&D Headquarters in France

One example of our many international investments is our recent acquisition via sale/leaseback of the Danone Research Facility in the Saclay region of suburban Paris — France’s preeminent high-tech R&D district. This 29,093± square meter/313,154± square foot industrial complex was built specifically for Danone in 2002 and serves as its global research and development headquarters.

Groupe Danone is one of the largest dairy food and bottled water producers in the world with several well-known brands such as Evian, Volvic, Dannon yogurt and Activia. The
principal business and research functions undertaken in the Facility include studying probiotic bacteria and their interaction with the human intestinal microbiota, clinical research, human physiology and nutrition, consumer’s behavior science and product prototyping.

The property is located in Plateau de Saclay (Palaiseau, France), approximately 20 km southwest of Paris and 15 km from the Orly airport. Saclay Plateau is considered the scientific research center for France and includes multiple universities such as the world renown L École Polytechnique. The region includes 30,000 students and 12,000 researchers working at 160 private and public sector laboratories and accounts for 10% of all research personnel in France.