Portuguese Self-Storage Operator Control Space Surpasses €30M in InvestmentsPortuguese Self-Storage Operator Control Space Surpasses €30M in Investments
January 29, 2025

Portuguese self-storage operator Control Space recently surpassed €30 million in total investments with its acquisition of a facility in Sintra, Portugal. The multi-story building on IC19 comprises 53,819 square feet. Like the company’s other locations, it offers tenant access via a mobile app, LED lighting with motion sensors, solar panels and electric-vehicle charging stations, according to a press release.
“This new location reflects our strategy to expand into the country’s key urban areas, where the demand for storage solutions is most significant,” said Albano Costa Lobo, cofounder of Control Space parent company Colares Capital. “The Sintra-Cascais facility will allow families and businesses in the region to access secure, flexible and technologically advanced services tailored to their needs.”
Control Space announced in August that it was investing $10 million to develop three facilities in Portugal. Colares recently formed a joint venture with investment-advisory firm Incus Capital to expand its self-storage presence in Portugal through acquisitions and conversion-development projects.
Founded in 2021 by Costa Lobo and Vasco Fino, with Francisco Parreira do Amaral later joining as a partner, Colares operates five self-storage facilities in Lisbon, Oporto and Sintra, Portugal, comprising more than 376,000 square feet.
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