UK's Safestore partners with Nuveen to buy Italy's second-largest self-storage firm, Easybox, for €175M.
Safestore, a UK-based self-storage company, has teamed up with Nuveen Real Estate to buy Italy's second-largest self-storage operator, Easybox, for €175 million. This joint venture, with each party holding 50%, will acquire 10 Easybox stores and two upcoming developments. Safestore will manage the venture, aiming to expand into the underdeveloped Italian self-storage market. The deal will initially cost Safestore about €45 million.
3 months ago
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