Private Investment Firm Ardian Acquires French Self-Storage Operator Atout-BoxPrivate Investment Firm Ardian Acquires French Self-Storage Operator Atout-Box

Global private investment firm Ardian has acquired Atout-Box, which operates seven self-storage facilities in the Occitanie region of France. Founded in 2010, Atout-Box also provides coworking spaces and moving services, according to sources.

“The acquisition of Atout-Box represents a major step forward in the strategic development of our self-storage platform. Through its well-established centers and excellent operational expertise, Atout-Box has positioned itself as a key player in the south of France,” said Omar Fjer, real estate managing director for Ardian. “We’re particularly impressed by its focus on customer satisfaction and the quality of its center management, which will be key to future growth. This integration strengthens our self-storage platform, and we are confident that this rapidly expanding sector in France continues to demonstrate great potential.”

“We’re delighted to be embarking on this new adventure with Ardian. Their experience in asset management and real estate will enable us to continue to expand throughout France and become a major player in the self-storage market,” said Jean-Baptiste Bertrand, president of Atout-Box. “Our know-how in customer relations and expertise in the operational management of large-scale centers will help ensure this partnership is a success. True to our values and with our in-depth knowledge of the markets in which we operate, we are excited for the next stage in Atout-Box’s journey as it continues to expand throughout France.”

Related:My Very First Self-Storage Acquisition: Lessons I Learned and Investing Mistakes to Avoid

Ardian entered the French self-storage market in January with the acquisition of Costockage, which was founded in Paris in 2012. Costockage now has 12 locations and offers an online, localized facility finder. Its founders, Mickael Nadjar and Adam Levy-Zauberman, continue to lead the operation.

Ardian manages or advises $160 billion in real estate assets on behalf of more than 1,560 clients globally. It has 19 offices in the Americas, Asia, Europe and the Middle East. Its portfolio includes 19 self-storage facilities in Auvergne-Rhône-Alpes, Brittany, Hauts-de-France, Île-de-France, Occitanie and Provence-Alpes-Côte d’Azur, France.

Sources:
IP&E Real Estate Assets, Ardian Acquires French Self-Storage Company Atout-Box
PE Hub, Ardian Picks Up Atout-Box