Forum Partners and one of its portfolio companies, Pocket Storage, recently completed a round of fundraising for the development of a self-storage platform that will deliver secure, convenient and fully automated self-storage facilities in ultra-urban markets in the United Kingdom.
“Due to high real estate costs, space limitations, zoning challenges and elevated operating costs, traditional self-storage operators have minimal exposure to densely populated urban areas,” said Russell Platt, CEO of Forum Partners. “Our new platform’s focus on leasing underutilized space coupled with a proprietary and fully automated booking and access system solves the traditional challenges of operating in urban areas.”
Pocket Storage intends to open 38,000 square feet across three centrally located London facilities throughout 2025, with the first location expected to open in the second quarter. The company believes London is an ideal first market since it has 13.5 percent of