Heitman announced the acquisition of a self-storage site in Galway, Ireland, further establishing their U-Store It business as the leading provider of self-storage facilities across the country. This transaction, undertaken in furtherance of Heitman’s global core-plus strategy, reinforces Heitman’s conviction in the European self-storage market and the growth potential in Ireland in particular. This bolt-on acquisition follows the firm’s acquisition of the U-Store It self-storage platform in Ireland in 2022, a transaction driven by strong demand/supply fundamentals.
The Galway property comprises approximately 72,000 square feet, in addition to approximately 36,000 square feet for potential future expansion. Located within a prominent business park, it is only 10 minutes away from Galway’s city center and central to business, manufacturing and residential communities.
“Heitman has been investing in self-storage assets in Europe since 2008 and in North America
