Self Storage

Space Plus, Germany

Space Plus, Germany logo

MARCOL established a German self-storage business, Space Plus, in early 2020 and officially launched to the market in February 2021 after forming a joint venture with US private equity firm, TPG Angelo Gordon, to scale the platform.

MARCOL targeted the German market due to low market penetration and attractive growth fundamentals. The strategy focused on underperforming retail and commercial assets in high visibility locations that would benefit from conversion, repositioning or redevelopment to become state-of-the-art self-storage facilities. By leveraging cutting-edge technologies and hybrid staffing solutions, operational efficiencies can be maximised.

The self-storage provider now has 15 locations in Germany including Cologne, Dortmund, Essen, Bremen, Hannover and Nuremberg.

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