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Box Storage
The largest self-storage operator in the Baltics

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The largest self-storage operator in the Baltics with 8 locations across the region.

SectorSpecialty Real Estate
CountryLatvia
Entry2023
Fund Size€17.8M
Expected IRR15-25%
PerformanceOn Plan
First Close09-2023
Term5+1+1
Investors60
  • Box Storage is the largest self-storage operator in the Baltics, with modern facilities across the region's major cities. It gives private and business customers secure, flexible space that can be rented, accessed and managed digitally, around the clock, for as long as they need it. The company is the platform investment of the Merito Self Storage Fund, whose ambition is to build the leading self-storage network in the Baltic states.
  • Box Storage is our platform to lead this market: acquiring and converting well-located buildings into modern storage facilities, building a consumer brand people trust, and scaling into a portfolio of institutional quality. Merito brings the capital, discipline and operational focus to turn a regional first-mover into the category leader of the Baltics.

Investment Thesis

Self-storage is a mature asset class in Western Europe, but in the Baltics it is only beginning. Denser cities, smaller homes and a growing small-business sector create structural demand that supply has not met. Box Storage is our platform to lead this market: seven operating facilities with 15,300 m² of leasable area, one more under development adding 3,000 m², and a repeatable model of acquiring, converting and scaling well-located buildings into a portfolio of institutional quality.

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