Acquisition of six trading self storage properties by Mayfair Capital

BDO.LiveSite.Deals.DealTypeTransaction Services
BDO.LiveSite.Deals.IndustryReal Estate
BDO.LiveSite.Deals.ClientNameMayfair Capital Investment Management Ltd

Mayfair Capital acquired a portfolio of three assets from The Storage Team, an established self-storage business based in the North West of England. The acquisition represented Mayfair Capital’s first foray into the emerging self-storage market which it sees as a major growth opportunity within the alternatives sector.

Mayfair Capital acquired The Storage Team’s real estate, intellectual property and company brand, and established a joint venture with its management to assemble a portfolio of scale. Subsequently, the acquisition of three further trading sites was completed alongside two refurbishment opportunities that will open in 2022, taking the initial portfolio up to eight stores.

Mayfair Capital will seek to leverage the strength and reputation of the existing brand to acquire and operate more sites over the next few years. Mayfair Capital’s thematic approach seeks to ensure its buildings are aligned with occupational demand both now and in the future, through a proprietary asset scoring model that grades each asset according to five core themes: change and disruption, climate and environment, communities and clustering, consumers and lifestyle, and connectivity. The portfolio will focus on the North, Midlands and East of England.

BDO supported Mayfair Capital with financial and tax due diligence and SPA/transaction support services.