PGIM Real Estate and Pithos Capital have launched a joint venture in France to acquire and reposition self-storage assets.

Pithos is pleased to announce the successful acquisition of MyStore Self Storage Limited.

In an era of digital transformation, Artificial Intelligence (AI) is bringing about monumental shifts across various sectors, and the self-storage industry is no exception.

A consortium led by investment funds advised by Davidson Kempner Capital Management LP, and operating partner Pithos Capital ("the Consortium") has completed the acquisition ("the Transaction") of British self-storage operator UK Storage Company (SW) Ltd. Financial terms of the Transaction have not been disclosed.

For those who still doubted it, inflation is back on a global scale, especially in Europe where it has more than doubled expectations over the last six months. In fact, it has reached the record rate of +10.0% in September 2022 (+0.9 p.p. vs. August 2022 and +5.9 p.p. vs. September 2021).

Pithos Capital has reached a definitive agreement to acquire a majority stake in YoGuardo, a self-storage company active in Barcelona and its surroundings.