What happened
Harrison Street and Pacific Investments announced a UK joint venture focused on self storage. The initial portfolio comprised three assets, 1 906 units and approximately 138 000 sq ft, with an investment plan to develop a £150 million portfolio over 3–5 years.
Why it matters
New institutional capital increases competition for operating facilities and attractive sites. It also places greater emphasis on data quality, occupancy management and operational efficiency.
Sources
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