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I Squared Capital launches cold storage platform in European market
Energy - MARCH 2, 2022

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I Squared Capital launches cold storage platform in European market

by Kali Persall

I Squared Capital has formed a cold storage infrastructure platform focused on the European market via its ISQ Global Infrastructure Fund III.

The platform, known as Cube Cold Europe, will invest up to $350 million in cold storage facilities across strategic areas, such as ports and logistics hubs, in Europe.

Cube Cold Europe has assembled a portfolio with 75,000 square meters (807,293 square feet) of capacity for 90,000 pallets across two seed assets in the Benelux region and is serving customers near the ports of Antwerp, Bruges, Ghent and Rotterdam.

The platform recently completed its second acquisition with Northfreeze, a leading independent cold storage and temperature-controlled transportation provider in Belgium, and has identified a substantial pipeline of high-quality acquisition targets.

“We see strong growth potential for cold storage from the globalization of trade, secular shifts in consumer behaviors and the growing complexity of global fo

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