Safestore joins forces with Carlyle for Dutch JV

By David Parsley2019-08-19T07:23:00

Safestore and Carlyle European Real Estate Fund have formed a joint venture to acquire M3 Self Storage, an operator of six storage locations in Amsterdam and Haarlem in the Netherlands.

Safestore will invest €5m for a 20% stake the joint venture and will provide management services. Completion is anticipated to take place by the end of August 2019.

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