- Griffin Capital will act as Top Box’s asset manager
- Griffin Capital and Redefine Properties acquired a majority stake in Stokado in April
- Redefine is a South African-based real estate investment trust
Stokado, owned by Redefine Properties and Griffin Capital Partners, has acquired Top Box, a self-storage rental company.
Top Box is based in Warsaw, Poland.
Griffin Capital will act as Top Box’s asset manager, while Stokado’s founders will remain involved as minority shareholders and the company’s management team.
Top Box’s acquisition has added 4,500 sqm in Warsaw to Stokado’s current portfolio, which now stands at 25,000 sqm of operating assets, according to a release.
Griffin Capital, together with Redefine Properties, acquired a majority stake in Stokado in April.
“Stokado is the latest investment platform in our portfolio through which Griffin Capital Partners has entered the young and promising self-storage industry, diversifying its investment portfolio,” said Marek Obuchowicz, partner at Griffin Capital. “…it marks the company’s entrance into the Warsaw market and aligns perfectly with Stokado’s strategy of consistently strengthening its market position in major Polish cities.”
Griffin Capital is a privately-owned investment and asset manager in private equity and real estate in CEE. It is based in Warsaw.
Redefine is a South African-based real estate investment trust.
Stokado is a self-storage industry in Poland. It has facilities located in Wrocław, Poznań, Bydgoszcz, Kalisz, Legnica, Zabrze, Dąbrowa Górnicza, Piekary Śląskie and Zielona Góra.
No financial details of the transaction were disclosed.