M3 Self Storage, an operator of storage locations in the Netherlands, was sold to Safestore Holdings and Carlyle European Real Estate Fund, which formed a joint venture to complete the acquisition.
M3 Self Storage operates six prime storage locations in Amsterdam and Haarlem with over 25,000 square meters of maximum lettable area (MLA).
Safestore is the UK’s largest self-storage group with 146 stores in the UK and Paris. Safestore has developed a highly scalable platform in self-storage built on leading marketing and operational expertise. This platform is proven to work across geographies and Safestore sees an opportunity to leverage the platform in regions outside its existing footprint with the acquisition of M3.
Clairfield International acted as lead advisor to M3 during the transaction.