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Sign in Sign up for a FREE subscriptionMitiska REIM forms strategic joint venture partnership with STORO
Mitiska REIM, a specialist investor in European convenience real estate, has formed a strategic joint venture partnership with Belgium-based self-storage company, STORO.
Under the terms of the agreement, Mitiska REIM, on behalf of the MEREP 3 fund, has acquired a stake in STORO’s self-storage sites. Mitiska REIM and STORO initially plan into roll out the STORO concept in Belgium, then across other European markets in the coming years.
Founded in 2019 by Johan and Lennert De bruyn, STORO is a pioneer in next-generation self-storage, offering customers a unique digital booking and onboarding process, a keyless system for units managed on a mobile app, and a fully digital automated service. STORO is managed by Johan, Lennert and Jorinne De bruyn, who joined in 2022.
Self-storage is a growing and underserved segment of the real estate market, supported by structural demographic trends that are driving increased demand for storage space from consumers. According to
