Mayfair enters self-storage market
Mayfair Capital has completed the purchase of a portfolio of assets from The Storage Team, a self-storage business based in Northwest England. The acquisition marks Mayfair Capital’s first foray into the emerging self-storage market.
The deal sees Mayfair Capital acquire The Storage Team’s real estate, intellectual property and company brand, as well as forge a joint venture with its management to assemble a portfolio of scale. Subsequently, the acquisition of three more trading sites has been completed alongside two refurbishment opportunities that will open in 2022, taking the initial portfolio up to eight stores. The portfolio will focus on the North, Midlands and East England.
Mayfair Capital will seek to leverage the strength and reputation of the existing brand to acquire and operate more sites over the next few years. Mayfair Capital’s thematic approach seeks to ensure its buildings are aligned with occupational demand both now and in the future, through a