1Box Self Storage, the Dutch affiliate of U.S.-based real estate development and investment firm Volta Global, has acquired competitor Kubox in the Netherlands through its 1Box Group platform. The purchase, which includes the Kubox valet-storage style business, expands the 1Box portfolio to 28 self-storage locations in the region, according to a press release.
“The Kubox acquisition is a major strategic milestone for 1Box that was years in the making,” said Jeff Evans, president of Volta Global and the 1Box Group. “1Box now boasts nationwide coverage of the self-storage market, a core strategic presence in the key Rotterdam market, as well as the infrastructure for home delivery or storage-as-a-service that we look forward to making available to current and future 1Box customers in the coming months.”
The transaction follows other recent Volta Global self-storage acquisitions in France and Italy. “We are proud to offer our self-storage services to more and more markets in the Netherlands and are very excited by the development of our European portfolio,” said Marko Dimitrijevic, chairman of Volta Global. “The European self-storage industry is characterized by many of the same attributes that have made self-storage a very practical solution for so many U.S. households and become a highly desirable asset class in the United States.”
1Box Group owns more than 30 self-storage facilities in France, Italy and the Netherlands. It’s portfolio comprises more than 800,000 square feet in about 10,000 units. It’s a subsidiary of Miami, Florida-based Volta Global, which specializes in hospitality, multi-family residential and self-storage properties.