Tristan Capital Partners’ TIPS One "Income Plus" Real Estate Debt Fund has provided €58 million of senior debt financing to 1Box for the refinancing of a portfolio of self-storage assets in the Netherlands. The portfolio comprises 18 self-storage assets with 67,000 square metres of lettable area, geographically spread across the Netherlands, assembled through the acquisition of single assets and smaller portfolios and through the conversion of properties from other use classes.
The funding has been provided to refinance and consolidate the existing borrowings of the group and to fund capital expenditure associated with new conversions and recent acquisitions1Box aims to stabilise the newly opened and sites under development, as well as increase profitability through the use of technology and ongoing operational efficiencies.
Source: tristancap.com on the 2nd of February 2023
https://www.tristancap.com/news-and-media/press-releases/tristans-tips-one-debt-fund-delivers-%E2%82%AC58m-financing-self-storage