Publications

- April 1, 2021: Vol. 15, Number 4

To read this full article you need to be subscribed to Institutional Real Estate Europe

Significant self-storage moves highlight market intent

by Andrea Zander and Marek Handzel

Recent activity in the European self-storage market has highlighted the appeal of the sector to investors who are looking closer at niche and alternative real estate asset classes.

MARCOL, a private investment group, and alternative investment firm Angelo Gordon announced a new joint venture in the German self-storage market on 23 February, with the launch of Space Plus, headed by European selfstorage veteran Russell Jordan.

With a plan to invest €250 million in offmarket opportunities across Germany, Space Plus targets underperforming retail and commercial assets in high-visibility locations that will benefit from redevelopment to unleash latent value. The strategy is to build an industry benchmark selfstorage brand, in a country with low market penetration, that leverages cutting-edge technologies and hybrid staffing solutions to maximize operational efficiencies.

To date, the company has acquired five assets, which will be redeveloped as new stateof-the-art

Forgot your username or password?

Privacy Preference Center

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.