International News

Redefine’s Stokado acquires self-storage rental company in Poland

Stokado, one of the leaders in Poland’s fast-growing self-storage industry, owned by Redefine Properties and Griffin Capital Partners, has acquired Top Box, the self-storage rental company. As a result, Stokado has added 4 500m2 to its portfolio of operating assets, which now stands at 25 000m2, and a further 4 500m2 to its development pipeline.

Stokado stores good for private and B2B customers in self-storage facilities across Poland. The company is focusing on strengthening its position in the major Polish cities to become the country’s self-storage market leader with a portfolio of more than 150 000m2. The Top Box building is newly completed with an excellent location next to a main arterial road, in a densely populated area of Warsaw.

Redefine’s acquisition of Stokado provides us with a platform to unlock growth opportunities in the Polish self-storage market, which remains in its infancy and offers plenty of upside potential. Stokado’s newest acquisition of Top Box will ensure that the Polish property venture is well poised to capitalise on strong demand for institutional grade storage space in attractive areas like Warsaw. This transaction will contribute to ensuring Stokado wins even greater market share in the Polish self-storage market where we see plenty upside potential,” comments Redefine CEO, Andrew Konig.

Klaudiusz Bechcicki, CEO at Stokado adds: “The acquisition of the Top Box marks the next stage in our development. We aim to strengthen our presence in major Polish cities and to develop further 150,000 sqm. With the support of Redefine Properties and Griffin Capital Partners, our growth can be accelerated even further.”

In April 2023, Griffin Capital Partners, together with Redefine, acquired a majority stake in Stokado. Griffin Capital Partners acts as the platform’s asset manager, while Stokado’s founders will remain involved as minority shareholders and the company’s management team.