The business has 31 sites (25 operational and 6 due to open) across 14 cities. It encompasses over 4,000 units, spanning a total of 330,000 square feet of storage space.

This transaction, made on behalf of Heitman’s European value strategy, allows the firm to continue investing in the rising global demand for self-storage. It follows the firm’s previous self-storage platform acquisitions across Europe, including in Ireland in 2022, Germany in 2021 and the UK in 2020. Heitman has been investing in self-storage globally since 1996 and currently manages more than 600 self-storage assets, representing $7.8 billion.

“Heitman has a history of investing in self-storage assets globally for nearly three decades. The relationships and expertise cultivated over that time drives our ability to identify and acquire off-market opportunities in Europe, which we believe is a core differentiator for Heitman” said Tony Smedley, Managing Director and Head of European Private Equity at Heitman. “That dynamic is evident in this transaction, where the team was able to source the investment off-market.”

You can now read the full press release at the link below