June 14 2024 14:25
Stokado, one of the leaders of Poland’s self storage groups, owned by Redefine Properties and Griffin Capital Partners, has acquired Top Box, self-storage rental company.
As a result, Stokado added 4,500 square metres to its portfolio of operating assets and 4,500 square metres to its development pipeline.
Stokado has established itself as one of the leading self-storage companies in Poland, storing the goods
of private and B2B customers in self-storage facilities in Wroclaw, Poznan, Bydgoszcz, Kalisz, Legnica,
Zabrze, Dabrowa Gornicza, Piekary Slaskie and Zielona Gora. The company is now focusing on
strengthening its position in the major Polish cities in order to become a self-storage market leader in
Poland with a portfolio of more than 150,000 square metres. The acquisition of the Top Box has added 4,500 square metres in Warsaw to Stokado’s current portfolio, which now stands at 25,000 square metres of operating assets. The building is newly completed with an excellent location next to a main arterial road and in a densely populated area of Warsaw.
Andrew Konig, CEO at Redefine Properties, said: “Redefine’s acquisition of Stokado provides us with a
platform to unlock growth opportunities in the Polish self-storage market, which remains in its infancy and offers plenty of upside potential. Stokado’s newest acquisition of Top Box will ensure that the Polish
property venture is well poised to capitalise on strong demand for institutional grade storage space in
attractive areas like Warsaw. This transaction will contribute to ensuring Stokado wins even greater
market share in the Polish self-storage market where we see plenty upside potential.”
Klaudiusz Bechcicki, CEO at Stokado said: “The acquisition of the Top Box marks the next stage in our
development. We aim to strengthen our presence in major Polish cities and to develop further 150,000
sqm. With the support of Redefine Properties and Griffin Capital Partners, our growth can be accelerated
even further.”
Top Box Self-storage
In April 2023, Griffin Capital Partners, together with the South African-based Real Estate Investment Trust
Redefine Properties acquired a majority stake in Stokado. Griffin Capital Partners acts as the platform’s
asset manager, while Stokado’s founders will remain involved as minority shareholders and the
company’s management team.
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