Safestore / Carlyle JV completed the acquisition of a six-store portfolio of self-storage units from Lokabox.

Safestore and Carlyle joint venture completed the acquisition of a six-store portfolio of self-storage units from Lokabox, a provider of space organizing services intended to offer temporary or long-term storage. Financial terms were not disclosed. “This second acquisition for the joint venture builds on the pan-European investing experience of the Carlyle team, along with the specialist industry knowledge of the Safestore team. We are pleased to have a recognised industry leader as our partner as we enter the Belgian market and develop a robust platform to identify further opportunities in the self-storage market," Marc-Antoine Bouyer, Carlyle Managing Director.