The start-up Lockall invests 18 million euros to buy and transform 22.000 m2 of a building in the City of Paris

Lockall, the start-up specializing in supporting artisans, VSEs and SMEs and developing new storage solutions for individuals, has acquired a 22.000 m2 building in the 13th arrondissement from the city of Paris. The opening of this second storage center in Paris is planned for 2025.

Lockall transforms a former circular parking lot in the city of Paris into a state-of-the-art storage center

On Wednesday February 14, Lockall acquired a former circular car park of 22.000 m2 located in the 13th arrondissement and belonging to the city of Paris. The start-up will invest around 18 million euros to acquire this space and transform it.

“This building is located in a particularly dynamic environment with a mix of housing nearby, sustained economic activity, and a high population density with 24.800 inhabitants per km2,” rejoices Antoine Muel, director of real estate development for the start-up. Sensitive to the issues of land sobriety, Lockall will carry out a comprehensive rehabilitation of this old circular car park with 850 spaces to give it a second life. The operation will transform it into one of the most important and modern storage centers in the capital.

Ultimately, the site will accommodate 1.400 storage spaces open to individuals and professionals and ranging from 0,5 to 30 m2 to cover a wide range of needs. Each storage space will be completely secure thanks to an encrypted digital key directly linked to the user's phone: a technological solution offered by Lockall. The center will also include two freight elevators and 285 parking spaces.

Lockall becomes the third player in the sector in the capital

Established in the 8th arrondissement of Paris since 2022, Lockall is continuing its development in Île-de-France and aims, with this new investment, to open its largest storage center in Paris intramuros with a net rental area of 7.400 m2. The site's entry into operation is scheduled for the end of the first quarter of 2025, and should propel the start-up onto the podium of players in the sector.

Alexis de l'Épine, Founder of Lockall, recalled his ambitions on the occasion of the signing: “We are particularly happy to have completed this acquisition. This site will become one of the most important and modern in the capital and will respond to a real need that we have identified by offering tailor-made, accessible and secure storage solutions to individuals and professionals,” before adding : “This purchase marks an important step in the development of Lockall. Today, we aim to reach 15 operational sites by 2026! ".