Schroders Capital has launched a UK self storage investment platform after securing £100 million (€114.4 million) from a group of investors, including UK local government pension schemes (LGPS).
The private markets arm of asset manager Schroders said The Self Storage Partnership has launched with the initial investment from existing institutional and wealth clients, including LGPS investors and the Schroders Capital Semi-Liquid Global Real Estate Total Return Fund.
The Self Storage Partnership, which will acquire and develop properties, will also explore additional opportunities to generate new revenue streams, such as through the creation of dedicated management teams to run the assets and further enhance enterprise values, the manager said.
Source: realassets.ipe.com on the 23rd of September