A flurry of large transactions in the last two years attests to the rising mainstream appeal of the sector. These deals have been driven not only by the major Real Estate Investment Trusts (“REITS”) that historically dominated the European investment market, but also by a widening array of large private buyers. The geographical range of transactions is also expanding. Pre-pandemic, self-storage trading was concentrated in the UK market, occasionally augmented by sporadic deals in Western Europe (e.g., in Scandinavia or Benelux). However, in recent quarters, sizable portfolios have traded in newer markets, such as Ireland and Germany, with more in the pipeline in countries further afield, such as Italy, Spain, and Poland.

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