Engage Partners With Pacific Investments to Expand Self-Storage Management Services Across Europe, UK
December 14, 2023
Engage Management Services, a U.K.-based management and consulting firm that specializes in self-storage, has partnered with multi-asset, fund-management group Pacific Investments to expand its third-party management platform across Europe. The partnership marks Pacific’s entry to the self-storage sector, according to a press release.
“The collaboration aims to leverage Pacific’s extensive experience in scaling property businesses and build on the strong operational platform and geographical presence that Engage has built up since its inception in 2012,” company officials said in a joint statement.
“[Pacific’s] involvement will help fuel further growth in our management platform and allow us to invest in emerging technologies to deliver industry-leading service to our wide range of self-storage clients,” said Anthony Adams, a partner with Engage.
“We have been looking at the self-storage sector for some time and are pleased to invest in Engage Management Services toward becoming the leading management platform in the U.K. and Europe,” Beckwith said. “This investment demonstrates Pacific’s strong interest in backing best-in-class management teams supported by strong growth trends in the sectors that they operate in. We believe that the self-storage sector offers appealing long-term fundamentals and is poised for significant growth in the coming years. We look forward to playing a part in this.”
Established in 2009, Engage provides independent self-storage consultancy services to both operators and investors. The company has experience in all aspects of the business, from finance to marketing to sales, according to is website.
Based in London and founded in 1993 by Sir John Beckwith and Mark Johnson, Pacific is a diversified investment group with a focus on asset management, financial services, real estate and private equity. Since its founding, the company has developed more than 7 million square meters of real estate globally across multiple assets classes, the release stated. It has also managed more than $50 billion in assets on behalf of institutional, high-net-worth and retail investors.
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