QuadReal Property has acquired a £280 million (€323 million) UK self-storage portfolio from Padlock Euro Storage Fund I through a newly created partnership with real estate manager Clear Sky Capital. The real estate arm of British Columbia Investment Corporation said it will hold a 95% stake in the joint venture that holds the 1.2 million-square-foot portfolio of 27 assets. The partnership with Clear Sky Capital has also committed a further £200 million of equity to invest in UK self-storage. Cinch Self Storage, a portfolio operating company owned by Clear Sky Capital investors, has been appointed as asset and property manager for the joint venture.
Source: IPE Real Assets on 23 March 2025
https://realassets.ipe.com/news/quadreal-acquires-280m-uk-self-storage-portfolio-in-clear-sky-partnership/10135888.article