We acquire, develop, and operate leading self-storage businesses throughout Europe.
The 1Box Group is a self-storage platform backed by a global investment group with the mission to build a leading pan-European self-storage enterprise spanning the European continent.
Our work started in the Netherlands in 2019, and within the first 18 months of operating we became one of the three largest self-storage operators in the country. Today we own and operate over 30 sites, 800,000 square feet, and 10,000 units of self-storage across the Netherlands and France.
Leveraging our deep investment experience on a global level, as well as best-in-class construction and operational management practices, we are able to deliver on two key priorities - building a portfolio of self-storage facilities that provide the highest quality service to our customers, and maximum value creation for all stakeholders in the 1Box Group platform.
We are a team of entrepreneurs, backed by permanent capital, so our approach is long term oriented, open minded, and flexible, and we pride ourselves on being an excellent home for any self-storage operators looking to exit their business entirely, or to grow along with us as partners.
Our Acquisition Process
Share What You Are Comfortable Sharing
We are happy to sign an NDA to protect your confidential information, and will ask you to share a limited set of operational and financial metrics on your business.
We make a preliminary offer
Within 7-10 days we will put together a preliminary offer, along with any material contingencies we need to address before closing. Most of the time our offers will be cash offers upfront.
We Get a Deal Done
After 30-60 days of standard legal, financial, and operational due diligence, we should be ready to close. We are flexible on your level of involvement post-closing. Our primary goal is a structure that makes business sense for both sides.
We are looking for acquisitions that meet the following criteria:
Asset Types
We are focused on freehold assets, or at a minimum, leasehold assets with long lease terms (+6 years) and/or an option to convert to freehold at lease expiration.
We prefer sites that are at least 2,000 square meters of rentable space, but will consider smaller sites if there is room for expansion or they are strategically located in a dense, urban environment.
Location
Our primary focus is on top 10 MSAs within the Netherlands, Germany, France, Italy, and Belgium.
Other factors that play into how we value assets are demographic conditions and trends in your trade area, exact location and visibility of the site, and the relative ease of local regulations on self-storage expansions and developments.
Value-Add Potential
Our acquisitions often involve taking a good business, and trying to make it into a great one. That may mean providing a local operator partner with the capital and expertise to scale up through acquiring new sites in their trade areas. Other times it means refining the operational and marketing infrastructure behind their self-storage business to raise the performance bar to an institutional quality level.
In all cases, when we have local partners that wish to remain in the business, we view our role as a true partner in helping achieve their growth ambitions together.
If you are the owner, or broker, of a self-storage or real estate business that fits our criteria