Swiss Life Asset Managers UK announces partnership with Ares Management on self-storage platform

Swiss Life Asset Managers UK has partnered with Ares Management Real Estate Secondaries funds to accelerate growth of the self-storage platform The Storage Team, a portfolio centered on underserved locations.

This is a direct-let self-storage portfolio operating under the brand name The Storage Team, comprising 12 assets clustered around underserved regional locations across England.

Swiss Life Asset Managers UK will act as investment manager, with operational services provided by its subsidiary MC Self Storage.

As part of the partnership, equity will be made available to facilitate the growth of the self-storage value-added strategy to benefit from strong underlying occupier demand for this sector.

With an initial focus on the northwest and east of England, the portfolio has been created through a combination of new development and the acquisition of existing businesses. The portfolio benefits from strong sustainability credentials, utilizing on-site ren