Entering the Portuguese market
On 23 September 2026, Mitiska REIM announced plans with Storo and a local management team to develop a self storage network in Portugal. Backed by the MEREP 3 fund, the initial plan is for 10 facilities in the Lisbon area and five in total across Porto and the Algarve. [Mitiska REIM]
At the time of the announcement, the first location near Lisbon was in the final stages of due diligence, the assessment of a proposed transaction. Two further locations were under negotiation. The announcement does not confirm that these acquisitions have completed or that the planned facilities have opened.
A local team and digital customer journey
A team led by Pedro Rodrigues is set to oversee the Portuguese expansion. Storo’s model includes digital booking and rental onboarding, as well as keyless access to storage units through an app. It serves both individuals and businesses.
From an investor’s perspective, the project illustrates an approach to entering a new market by combining capital, an operating model and local expertise. The 15-facility plan should nevertheless be treated as an investment intention, not as storage space already available to rent.
Sources
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