Private investment house Ardian has acquired French self-storage company Atout-Box, a leader in the Occitanie region.
The acquisition is part of Ardian’s strategy of creating a property platform dedicated to self-storage. Financial details were not disclosed.
Atout-Box was founded in 2010 with a first site in Montpellier of around 1,600 m2. Today, the company owns seven storage centres representing around 40,000 m2 with 30 employees.
In addition to its core self-storage business, Atout-Box has also developed complementary services such coworking spaces, daily van hire and dedicated areas for delivering heavy goods.
Omar Fjer, managing director real estate, 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.’
The acquisition of Atout-Box strengthens Ardian’s self-storage platform, launched at the end of 2023 with the acquisition of Costockage. The portfolio now comprises 19 centres across several regions, including Ile de France, Occitanie, Auvergne-Rhône-Alpes, Bretagne, Provence-Alpes-Côte d’Azur and Hauts-de France.
Ardian plans to continue its acquisition strategy in the sector to meet the increasing demand from private individuals and professionals for storage space.
Added Jeanbaptiste Bertrand, president, Atout-Box: ‘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.’
