STOREX Self Storage secures £91M debt facility from Citi
What's the deal? STOREX Self StorageDealroom has a profile for this one. Try Dealroom →, backed by private equity giant EQT, has secured a £91M loan from CitiDealroom has a profile for this one. Try Dealroom →. The debt facility is designed to strengthen the company's capital base and support its growth plans.
The deal, announced in June 2026, sees Citi act as lead lender on the financing.
Why now? Self-storage has emerged as one of the more resilient alternative real estate sectors in recent years, attracting institutional capital as operators look to consolidate fragmented markets. A fresh debt facility positions STOREX to accelerate expansion at a time when competition for quality assets is intensifying.
What could go wrong? Taking on significant debt in a still-uncertain interest rate environment carries risk. If consumer and business demand for storage softens — or if rates stay elevated longer than expected — servicing a £91M facility could weigh on margins.
The signal: A £91M debt facility from a major corporate lender like Citi for what Dealroom still classifies as an early-stage company is a notable vote of confidence, suggesting STOREX's growth trajectory under EQT ExeterDealroom has a profile for this one. Try Dealroom → is outpacing its startup-era profile. It also signals that institutional lenders are increasingly comfortable underwriting self-storage operators at scale, potentially accelerating consolidation across the UK's fragmented market.
Read more: Green Street News
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