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News Release

London

IPE Europe - Self Storage: A journey of self discovery

Investment in self storage has picked up momentum in recent years. Investors should expect growing consolidation and a new generation of stores, writes Ollie Saunders


​The European self-storage market has experienced an unprecedented level of activity. Three transactions in the first quarter of 2015 signalled good news to a market that is rapidly establishing itself as an important alternative asset class in Europe.

The largest deal was the acquisition of Blue Space in Spain by Fremont, consisting of 17 stores in the cities of Barcelona, Madrid and Valencia. The predominantly freehold portfolio provides over 80,000sqm of self storage – and provides the purchaser with an entry level platform to grow a dominant national operator as the economy improves.

Shurgard Europe has acquired five self-storage facilities from Secur in Germany, and has taken a further three via a management agreement. This takeover increases its German portfolio from 11 to 19 stores and makes it the joint leader in the German self-storage market along with MyPlace – of which Fremont acquired a minority interest in 2013.

First published in Investment and Pensions Europe MAY/JUNE 2015 (MAGAZINE)