PITHOS acquires “Lockit” store in Villefranche, strengthening presence in Rhône-Alpes region

PITHOS announces the acquisition of Lockit Villefranche, a premium self-storage facility in the Lyon metropolitan area. This transaction marks another step in strengthening Zebrabox France’s footprint in the Rhône-Alpes region.

The asset joins Zebrabox France’s portfolio, a joint venture between PGIM Real Estate and PITHOS.

Lockit Villefranche offers 3,600 sqm of lettable area across 600 units, featuring premium specifications including smart access control and individual box alarms. The facility provides secure, flexible storage solutions for both residential and business customers.

Located 30 minutes north of Lyon, the asset serves a catchment area of over 200,000 inhabitants. The acquisition complements Zebrabox France’s existing portfolio alongside Saint-Julien-en-Genevois (Haute-Savoie) and La-Tour-de-Salvagny (Lyon), creating operational synergies while serving distinct, complementary markets.

This transaction advances Zebrabox France’s expansion in key European markets and reinforces its ambition to become a leading self-storage operator in France.

ABOUT PITHOS

With €350 million in gross assets under management, Pithos is a Swiss-based dedicated real estate investment and management company with a pan-European presence. With more than 20 years’ experience in this sector, Pithos’ team combines entrepreneurial roots with an institutional framework to source the best opportunities and yield superior performance in a fragmented real estate asset class. With a particular focus in operating real estate, through both direct holdings and joint ventures, Pithos currently manages 62 self-storage assets (140,000 sqm) with operations in Switzerland, United Kingdom, Spain, and France with a gross asset value of CHF 350 million. Pithos’ capabilities extend to adjacent real estate vertical market segments encompassing logistics, light industrials, and residential and includes investments in real estate operating businesses. Pithos Capital maintains corporate offices in Geneva, London, Paris, and Luxembourg. For more information, visit: www.pithos.eu

For media enquiries, please contact: contact@pithos.eu

ABOUT PGIM

With US$212 billion in gross assets under management and administration, PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum¹. PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Real Estate’s risk management approach, execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing, and the local experience of professionals in 32 cities globally. Through its investment, financing, asset management and talent management approach, PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world. For more information visit pgimrealestate.com.

For media enquiries, please contact: sharan.kaur@pgim.com

ABOUT ZEBRABOX FRANCE

Zebrabox France is a joint venture between investment funds advised by PGIM Real Estate and Pithos, dedicated to building a premier portfolio of self-storage assets across France. The venture focuses on acquiring, repositioning, and developing high-quality storage facilities, leveraging opportunities in a growing yet supply-constrained market.

Operating under the leading Swiss-based self-storage brand, Zebrabox, the venture pursues a diverse investment strategy, including the buyout and repositioning of existing assets, conversions of obsolete light industrial and retail properties, and greenfield developments.

For more information, visit: https://www.zebrabox.fr

ADVISORS

• Legal: FTPA
• Notary: Cheuvreux
• Finance: Grant Thornton
• Technical: Etyo