Investment firm BC Partners has agreed on a strategic alliance with Renta Corporación to incorporate its real estate investment division, BC Partners Real Estate, into the shareholding of Cabe, the Spanish company's business line specialising in personalised urban self-storage facilities.

With this transaction, the British company is committed to investing 40 million euros over the next three years. This sum will be used to accelerate the growth of the business, and with the aim of increasing the number of centres it owns from the current 20 to 80, all located in key cities across the country.

Exponential growth
According to the latest report by the European Federation of Self-Storage Associations (Fedessa), to which BC Partners has referred, Spain has consolidated its position in recent years as one of the largest European markets for urban self-storage solutions, only behind the United Kingdom, France and Germany. This growth is exponential if we take into account that the 875 million euros involved in transactions within this market in Spain during the third quarter of 2024 is triple the sum spent in 2023.

The agreement establishes that Renta Corporación will continue to lead the company’s operation and management. Cabe came into being in 2022, offering a range of storage solutions adapted to urban needs, strategic locations and easy access. In addition, it has also implemented technologies to simplify the access, management and security of storage units.

Enormous potential
This is the second investment made by the BC Partners European Real Estate I fund. Laurian Douin, a partner in the real estate division of the British company, sees huge potential in the urban self-storage industry, stating that, “This collaboration aims to leverage our mutual strengths for platform growth and market entry. We look forward to partnering with the Renta and Cabe teams to drive our shared vision for the tremendous potential of a fully integrated owner-operator model in the urban self-storage industry in Spain”.

Renta Corporación CEO David Vila believes that the partnership represents “a strategic boost for Cabe, reinforcing our capacity for expansion in the Spanish urban self-storage market, which offers significant growth opportunities. By combining our expertise with BC Partners' global reach, we will consolidate an innovative and flexible business model to meet the growing demand for urban self-storage in Spain.”

^{Photo: BC Partners}