Investment firm Ardian has invested an undisclosed amount to acquire Atout-Box, a self-storage company in the Occitanie region of France.
Atout-Box, founded in 2010, owns seven storage centres and also offers complementary services such as co-working spaces, daily van hire and dedicated areas for heavy goods delivery.
The acquisition bolsters Ardian’s self-storage platform, launched in late 2023 with the acquisition of Costockage. The portfolio now includes 19 centres across regions such as Île-de-France, Occitanie, Auvergne-Rhône-Alpes, Bretagne, Provence-Alpes-Côte d’Azur and Hauts-de-France.
Omar Fjer, real estate managing director at Ardian, said: “The acquisition of Atout-Box represents a major step forward in the strategic development of our self-storage platform. Through its well-established centres and excellent operational expertise, Atout-Box has positioned itself as a key player in the south of France.
“We’re particularly impressed by its focus on customer satisfaction and the quality of its centre management, which will be key to future growth. This integration strengthens our self-storage platform and we are confident that this rapidly expanding sector in France continues to demonstrate great potential.”
Jean-Baptiste Bertrand, president of Atout-Box, said: “We’re delighted to be embarking on this new adventure with Ardian. Their experience in asset management and real estate will enable us to continue to expand throughout France and become a major player in the self-storage market.
“Our know-how in customer relations and expertise in the operational management of large-scale centres will help ensure this partnership is a success. True to our values and with our in-depth knowledge of the markets in which we operate, we are excited for the next stage in Atout-Box’s journey, as it continues to expand throughout France.”
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