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

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

• Sector

  Specialty Real Estate

• Country

  Latvia

• Entry

  2023

• Web

  boxstorage.lv

• First Close

  09-2023

• Term

  septembris, 2025

• Size (MEUR)

  17.8

• Investors

  60

• Expected IRR

  15-25%

• Performance

  On Plan

#1 Self-Storage platform in Baltics with 14600 Leasable m2​.

Investment Thesis

BoxStorage have 7 properties in Baltic + 1 in development EUR 16/m² average rent, 6,708 m² leased, and 45.4% occupancy. Total aquisition capex is at 350-450 EUR/m2 of leasable area. Steady state development yield is estimated at around 9-15%.