PineBridge Benson Elliot, a U.K.-based specialist pan-European real estate fund manager, has acquired a controlling stake in Necesito un trastero SL, the second-largest self-storage operator in Spain.
Founded in 2015, Necesito un trastero has grown quickly, to now operate 81 franchises providing more than 20,000 square meters (215,000 square feet) of self-storage space across Spain. Necesito un trastero’s strategy is founded on repurposing existing warehouse and retail space to provide affordable, accessible and secure storage units for both private and corporate clients.
Necesito un trastero will continue its strategy to consolidate and increase storage density in the Spanish self-storage market, which is currently the third largest in Europe.
James Jakeman, senior partner at PineBridge Benson Elliot, said, “With an experienced management team, proprietary technology and a nationwide footprint, we believe Necesito un trastero is well positioned to enjoy acc
