PineBridge Benson Elliot has invested an undisclosed sum to buy controlling stake in Necesito un trastero, the second largest self-storage operator in Spain.

Founded in 2015, Necesito un trastero currently operates 81 franchises providing over 20,000sqm of self-storage space across Spain.

Necesito un trastero repurposes existing warehouse and retail space to provide affordable, accessible and secure storage units for both private and corporate clients.

James Jakeman, senior partner at PineBridge Benson Elliot said: “With an experienced management team, proprietary technology and a nationwide footprint, we believe Necesito un trastero is well positioned to enjoy accelerated growth and scaling of the business as demand drivers continue to propel this resilient sector.

”These strengths, alongside continuing growth in investor interest in self-storage, will support the business moving forwards.”

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