BC Partners Real Estate Invests in Renta Brand Cabe to Enter Spanish Self-Storage Market

BC Partners Real Estate has become a major shareholder in Cabe, an urban self-storage operation owned by Spanish real estate firm Renta Corp. The company made a €40 million equity commitment to expand the Cabe portfolio from 20 to 80 sites across the country in the next three years, according to a press release.

Created in 2022, Cabe operates 20 self-storage facilities in Barcelona, Madrid, Palma de Mallorca and Zaragoza, Spain. Renta will continue to oversee daily operations, the release stated.

“In Renta Corporación, we have found the ideal partner to further expand our portfolio and enter the highly compelling and rapidly growing Spanish self-storage market, a sector where we see huge potential and have built strong convictions,” said Laurian Douin, real estate partner at BC Partners. “This collaboration aims to leverage our mutual strengths for platform growth and market entry, and we look forward to partnering with the Renta and Cabe teams to fuel our shared vision of the tremendous potential for a fully integrated owner-operator model in the urban self-storage sector in Spain.”

“The alliance with BC Partners Real Estate provides a strategic boost for Cabe, strengthening our expansion capacity in the Spanish urban storage market, which offers substantial growth opportunities,” said David Vila, CEO of Renta. “By combining our expertise with BC Partners’ global reach, we consolidate an innovative and flexible business model to meet the rising demand for urban self-storage in Spain.”

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Launched in 2018, the BC Partners Real Estate investment platform is a fully integrated business within BC Partners, which has €40 billion in hospitality, industrial, mixed-use, office and residential assets under management in France, Germany, Italy, Spain and the United Kingdom.

Based in Barcelona, Renta specializes in the acquisition, disposition and renovation of commercial properties in Spain. In addition to self-storage, it has interests in the healthcare and residential sectors.

Source: BC Partners Real Estate, Renta Corporación brings BC Partners Real Estate on board as a strategic shareholder in Cabe