Ardian, a renowned private investment house, has successfully acquired Costockage, marking its maiden voyage into the self-storage market in France. Costockage, established in Paris in 2012, has been a pioneer in the self-storage sector, constructing an online marketplace platform that empowers both professionals and individuals to rent out storage spaces—whether from established operators or underutilized areas provided by private entities. The move to leverage Kostok, a subsidiary introduced in 2017, underscores Costockage’s commitment to the self-storage industry, fostering an innovative, digitally forward approach. Presently, with a network of 10 centers and a vision for expansion, Costockage positions itself as France’s premier self-storage marketplace. Founders Mickael Nadjar and Adam Levy-Zauberman’s expertise in sourcing, development, and data analytics has been instrumental in their leading market status, and their continued leadership ensures consistent growth. Ardian’s Real Estate team plans to aid Kostok in scaling its presence through various strategies, including acquiring buildings, repurposing underperforming real estate, and incorporating existing self-storage operations. Stéphanie Bensimon, a key figure at Ardian, expressed excitement about self-storage joining their portfolio, identifying the burgeoning state of the French market and its sustainable nature as critical factors in their investment decision. Omar Fjer, Ardian’s Managing Director, alongside the founders of Costockage, conveyed enthusiasm about the collaborative opportunities and the long-term potential of the self-storage asset class, which intimates prosperous prospects for investment returns and service enhancements in a robustly growing market.
“Private Equity”, “Self-Storage Real Estate”, “Digital Marketplaces”,”France”, “United States of America”, “United Kingdom”
https://www.ardian.com/news-insights/press-releases/ardian-completes-its-first-self-storage-investment-acquisition