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  • Writer's picturePithos Capital

Pithos Capital completes the acquisition of UK Storage Company in partnership with Davidson Kempner

Updated: Aug 1, 2023

NEW YORK, LONDON and GENEVA, June 8, 2023 -- A consortium led by investment funds advised by Davidson Kempner Capital Management LP, and operating partner Pithos Capital ("the Consortium") has completed the acquisition ("the Transaction") of British self-storage operator UK Storage Company (SW) Ltd. Financial terms of the Transaction have not been disclosed.

The UK Storage Company platform is one of the largest privately held self-storage operators in the country. It includes 28 self-storage facilities with a national footprint and a presence in most of UK’s largest regional cities including amongst others: Birmingham, Leeds, Liverpool, Leicester, Bristol, etc.


The Transaction presents an exceptional opportunity for UK Storage Company to build on many years of success as one of the leading self-storage operators in the UK. The Consortium is excited by the opportunity to invest in – and grow – the platform and asset portfolio over the coming years.


The self-storage industry in the United Kingdom has experienced substantial growth in recent years, driven by factors such as urbanization, changing demographics, and evolving lifestyles. The Consortium will leverage its respective experiences in the space to benefit from the sector resilience and opportunities.


For further information:

UK: Greenbrook Rob White/Matthew Goodman/Teresa Berezowski Davidsonkempner@greenbrookadvisory.com SWITZERLAND: Pithos Capital contact@pithoscapital.com

Notes for Editors

About Davidson Kempner Capital Management LP

Davidson Kempner Capital Management LP is a global investment management firm with more than 39 years of experience and a focus on fundamental investing with a multi-strategy approach. Davidson Kempner has approximately $37 billion in assets under management and over 500 employees across seven offices: New York, Philadelphia, London, Dublin, Hong Kong, Shenzhen and Mumbai.

Additional information is available at: www.davidsonkempner.com


About Pithos Capital

Pithos Capital is a Swiss-based dedicated real estate investment and self-storage management company with a pan-European presence. Pithos’ team has more than 20-year track record as both an investor and an operator. With a particular focus in self-storage, Pithos's portfolio includes self-storage assets and operations in Switzerland, United Kingdom, Spain and France. Pithos's capabilities extend to adjacent real estate verticals including logistics, light industrials, residentials, as well as investments in real estate operating businesses. Pithos Capital maintains corporate offices in Geneva, London and Luxembourg.


For more information, visit: www.pithoscapital.com


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