Osborne Clarke advises Lagerbox on financing provided by Blackstone

Osborne Clarke has advised Lagerbox, one of the leading German self‑storage platforms, on the raising of EUR 100 million strategic financing from Blackstone through its real estate debt arm.

Lagerbox will use the financing to drive its further expansion through project developments and acquisitions. Lagerbox is one of the leading self‑storage platforms in Germany and offers private and commercial customers flexible storage space in various sizes. At currently 42 locations across Germany, customers can rent additional space at short notice.

The strategic financing was provided by Blackstone Real Estate Debt Strategies (BREDS). The self‑storage sector is gaining increasing importance in Germany as an asset class, supported by solid fundamentals and, in a European comparison, still very low penetration rates.

Peter Blauw, founder and majority shareholder of Lagerbox: “Lagerbox is ideally positioned for future growth in the German self‑storage market – with Blackstone’s significant support for our strategic expansion and our growing national presence, which responds to increasing customer demand for storage space.”

The Osborne Clarke team that advised Lagerbox, led by Heiko Petzold, consisted of Dr Mareike E. Klopp, Maria Bibik, Dr Katharina Januchowski, Tim Schultze, Jan Niklas Demmer, Georg Friedrich Höxter, Julia Janke and Sarah McHardy (all Real Estate), Dr Philipp Reeb, Dr Patrick Stadtbäumer and Lisa Gerards (all Corporate), Timo Karsten and Karin Sültrop (both Employment), Robert Briske and Charlotte Harrendorf (both IP), Olexiy Oleshchuk and Arsen Dutka (both Finance), Dominic Ross (Osborne Clarke UK) as well as Axel van der Staak and Anouk Lanting (Osborne Clarke Netherlands).

Many thanks to Julia Janke and Sarah McHardy for their contribution to the preparation of this insight.