LOCUSEM

What LOCUSEM does

LOCUSEM is a Strasbourg-based mixed-economy corporation (Société Anonyme d'Économie Mixte, or SAEM) that acquires, develops, leases, and manages commercial real estate targeted at small and medium-sized enterprises, artisans, retailers, and emerging businesses across the Strasbourg Eurométropole. Its portfolio spans approximately 19,000 m² of floor area, distributed across offices, retail shop units, artisanal workshops, and parking facilities, with an explicit mandate to serve priority urban renewal zones where private supply is thin. Ownership is dominated by public-sector shareholders: Eurométropole de Strasbourg (48.46%) is the controlling shareholder, with the Caisse des Dépôts et Consignations (20.25%), the Ville de Strasbourg (16.22%), and bank minorities making up the remainder of a reported ~€14M capital base.

LOCUSEM's revenue model is conventional long-term commercial leasing on owned and managed real estate. Disclosed rents range from approximately €70 per month for parking units to roughly €110,000 per year for the largest strategic commercial units, with anchor tenants including Stradivarius (an Inditex subsidiary), Optic 2000, Aldi, Norma, and INGEROP, alongside a long tail of smaller private tenants and public-sector occupiers. Business expansion is funded by a planned €20-30M investment cycle extending through 2027-2028, executed through a mix of new-build delivery, asset acquisition, and partnership vehicles (notably the Bérénice and Kaléidoscoop operations in central Strasbourg).

The operating stack is structurally low-tech: real estate leasing, asset management, and tenant relations handled through a lean team of roughly four known professionals, with no proprietary software platform, data assets, automation layer, or AI components disclosed. Recent organizational changes include the 2024 appointment of Olivier Thuet as Director General and the 2026 succession of Etienne Loos as President of the governance board, alongside the hire of additional property managers to support portfolio growth.

Name

LOCUSEM

Legal name

LOCUSEM

Website

https://locusem.eu

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

LOCUSEM is a Strasbourg-based public SAEM that owns and leases approximately 19,000 m² of commercial real estate — offices, retail units, workshops, and parking — to small businesses, artisans, and emerging enterprises across the Eurométropole de Strasbourg.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Rental Services

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (53112)

SIC

Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

Keywords

• Commercial real estate rental
• Affordable commercial space
• Small business leasing
• Artisanal workshop rental
• Office space rental

Headquarters

HQ city

Strasbourg

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Commercial and office space rental: LOCUSEM generates revenue through renting out commercial spaces, artisanal workshops, office units, coworking plateaus, and parking to TPE, PME, associations, young enterprises, and public-sector tenants. Rental income is the primary revenue stream, with properties located across the Eurométropole de Strasbourg in priority urban neighborhoods (QPV) and city-center locations.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

LOCUSEM is a mixed-economy real estate company (SAEM) that owns, develops, and rents a diversified portfolio of approximately 19,000 m² of commercial premises, offices, artisanal workshops, coworking plateaus, parking, and medical consultation rooms to very small and small enterprises (TPE/PME), young companies, social-economy associations, and public-sector tenants across the Eurométropole de Strasbourg. Its rental offering is concentrated on affordable units in priority urban neighborhoods (QPV) and the Social and Solidarity Economy (ESS) sector, where the private market fails to supply appropriately sized space at rents calibrated to small-business financial capacity.

Product overview

LOCUSEM est une société anonyme d'économie mixte (SAEM) qui constitue un outil de développement économique pour l'Eurométropole de Strasbourg. Elle propose une offre locative diversifiée de locaux destinés aux TPE, PME et jeunes entreprises, comprenant la Location de Bureaux, la Location de Commerces, les Entrepôts / Activités (dont ateliers artisanaux), les Parkings / Garages, et les Salles de Consultation Médicale. Le patrimoine total s'élève à environ 19 000 m². L'offre s'articule autour de deux axes : le soutien à l'Économie Sociale et Solidaire (ESS) et la dynamisation des quartiers prioritaires via le développement de locaux commerciaux, tertiaires et artisanaux à loyers modérés.

Differentiator

Problem solved

Functional benefit

Products and services

• Office Rental (Location de Bureaux) Rental offering of offices (bureaux) aimed at TPE, PME, and young enterprises on the Eurométropole de Strasbourg, with adapted floor areas and moderated rents.
• Commercial Premises Rental (Location de Commerces) Commercial premises ranging from 80 m² to over 1,000 m² located in Strasbourg city center and in priority urban neighborhoods (Neuhof, Hautepierre, Cronenbourg, Elsau), dedicated to local commerce poles.
• Workshops / Activity Units Rental (Location d'Entrepôts / Activités) Rental of activity premises, warehouses, and artisanal workshops for business creators and young PME, often located in priority urban neighborhoods (Quartiers Politiques de la Ville).
• Parking / Garage Rental (Location de Parkings / Garages) Rental of underground and outdoor parking spaces managed by LOCUSEM in neighborhoods across the Eurométropole de Strasbourg (e.g., €70 HT/month in Bischheim, €70.83–€87.50 HT/month for SILO COOP underground parking).
• Medical Consultation Rooms Rental (Salles de Consultation Médicale) Medical consultation rooms (e.g., 17.3 m² at €386.67 HT/month) rented within shared medical health centers, aimed at healthcare professionals.
• Enterprise Hotels for Artisans and TPE (Hôtels d'Entreprises) Multi-tenant buildings rented to activity creators and young artisanal enterprises in neighborhoods labeled Territoire Entrepreneur, with attentive lease management (e.g., 16 TPE/artisans at the Neuhof hotel, 2,188 m², 16 workshops).
• Artisanal Workshop — Bischheim Urban Green (Atelier Artisanal Bischheim) Adaptable raw artisanal workshop (Atelier 1) located in Bischheim (Urban Green, building F), with internal insulation, motorized sectional door, LED lighting, sanitary point, and a private parking space included. Floor area of 99 m².
• Call for Expressions of Interest — Place d'Haldenbourg (Cronenbourg) Commercial Unit Formal selection process to identify a future tenant for a 1,150 m² commercial unit at Place d'Haldenbourg, Cronenbourg, rented via a 6-year firm-term commercial lease at a forecast annual rent of €110,000 HT.

Quantifiable outcome

• Portfolio of approximately 19,000 m² of commercial, artisanal, and office space
• +2 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• ANRU (Agence Nationale pour la Rénovation Urbaine)coreStrategic or Co-development Partner · 1 January 2010Co-invested with LOCUSEM and CDC in the Bérénice and Kaléidoscoop operations. Provides public funding for urban renewal projects in QPV neighborhoods (Neuhof, Hautepierre, Cronenbourg) where LOCUSEM develops commercial spaces. Supported Rue Watteau Elsau project (€188,114 aid) and Bérénice Racine project.
• ADIRAminorStrategic or Co-development PartnerListed as a partner on LOCUSEM's official partners page. ADIRA (Agence de Développement et d'Attractivité du Grand Est) is a regional development agency supporting economic attraction in the Grand Est territory.
• CCI Alsace (Chambre de Commerce et d'Industrie Alsace)minorStrategic or Co-development PartnerListed as a partner on LOCUSEM's official partners page. The regional chamber of commerce and industry supports business development and is a natural ecosystem partner for a real estate provider targeting TPE/PME.
• CMA (Chambre des Métiers et de l'Artisanat)minorStrategic or Co-development PartnerListed as a partner on LOCUSEM's official partners page. The crafts chamber supports artisan entrepreneurs, which aligns with LOCUSEM's artisanal workshop rental operations.
• CRESS (Chambre Régionale de l'Économie Sociale et Solidaire)minorStrategic or Co-development PartnerListed as a partner on LOCUSEM's official partners page. CRESS represents the social and solidarity economy sector, which is one of LOCUSEM's two primary intervention areas.
• Électricité StrasbourgminorStrategic or Co-development PartnerListed as a partner on LOCUSEM's official partners page. Local energy utility for Strasbourg, a natural ecosystem partner for a commercial real estate developer operating new-build properties in the territory.
• Strasbourg EuroptimistminorStrategic or Co-development PartnerListed as a partner on LOCUSEM's official partners page. Strasbourg Europtimist is a local business network or economic development association in the Strasbourg area.

Scale indicators6 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Icade: Icade is a French listed real estate company (subsidiary of CDC) with portfolios in commercial property and healthcare. Comparable to LOCUSEM as a commercial real estate lessor with CDC as a major shareholder, but operating at national scale and on a profit-driven, public-market model.
• Nexity: Nexity is France's leading private real estate developer, operating across residential, commercial, and office segments. Comparable to LOCUSEM as a broad commercial real estate provider in France, but operating at national scale with a fully private, profit-maximizing model rather than a public-mandate, mixed-economy structure.
• Altarea (Altarea Cogedim): Altarea is a major French real estate group with leading positions in retail property (Altarea Commerce), mixed-use development and residential (Cogedim). Comparable to LOCUSEM as a French commercial property operator with diversified retail and office exposure, but at national scale and profit-driven.
• Frey: Frey is a French retail-park and open-air commercial property developer and investor with a portfolio of large-format retail assets. Comparable to LOCUSEM as a French commercial real estate operator leasing space to retailers and SMEs, but with a focus on larger retail parks and a fully private investment model.

Regional players

• SAMOA (Nantes Aménagement): SAMOA is a public-development SEM serving Nantes and its metropolitan area, with a mandate to design, develop, and operate real estate projects of metropolitan interest. Comparable to LOCUSEM as a SEM-driven urban development vehicle in a French métropole, though operating on a different (and typically larger) territory with a broader urban-renewal scope.
• RIVP (Régie Immobilière de la Ville de Paris): RIVP is a public-interest real estate operator owned by the Ville de Paris, managing a portfolio of commercial, office, and residential assets in Paris. Comparable to LOCUSEM in its public-mandate model of owning and leasing real estate for diverse tenants, but at much larger scale and focused on the Paris market.

Others

• SCET (Société de Conseil pour l'Économie et les Territoires): SCET is a CDC-subsidiary consultancy providing strategic and operational support to French SEMs, SPLs, and public territorial entities. Comparable to LOCUSEM as ecosystem infrastructure for the French mixed-economy real estate sector — both serve and operate within the same SEM/public-development ecosystem.
• Caisse des Dépôts et Consignations (CDC) — Real Estate Branch: CDC is LOCUSEM's second-largest shareholder (20.25%) and primary co-investment partner on Bérénice and Kaléidoscoop. While not a direct competitor (it operates as investor/partner), CDC's real estate activities shape the demand and supply environment in which LOCUSEM operates, including through subsidiaries like Icade and SCET.

Direct peers

• SERS (Société d'Équipement de la Région de Strasbourg): SERS is a Strasbourg-based Société d'Économie Mixte focused on urban planning, development, and construction in the Eurométropole. Like LOCUSEM, it is a public-interest SEM operating in the same geographic territory and partnering with the Eurométropole de Strasbourg on neighborhood renewal projects, making it the most directly comparable peer structurally and operationally.
• Compagnie de Phalsbourg: Compagnie de Phalsbourg is a French commercial real estate developer focused on large mixed-use, retail and entertainment-led projects across French cities. Comparable to LOCUSEM in its focus on French commercial real estate and mixed-use assets, though privately held, larger-scale, and profit-driven rather than serving a public-interest mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Locusem
• LinkedInlinkedin.com/company/locusem

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LOCUSEM