Global investment firm Carlyle has sold a portfolio of self-storage assets in the Netherlands and Belgium to Safestore, representing the 80% shareholding in their Joint Venture, which was formed in 2019 to access Benelux’s self-storage market. The Joint Venture was valued at an enterprise value of €146 mln.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
