On behalf of an UK self-storage business, Westfort Advisors has arranged a £62m refinancing.

The client had two distinct portfolios (core and core-plus), each with separate ownership structures.

The core portfolio was financed by a Debt Fund who provided a £37m facility, and the core-plus portfolio was financed by an International Bank who provided a £25m facility.

Self-storage continues to demonstrate its operational resilience and attractiveness as a growth sector. Westfort’s experience in the sector now exceeds £125m.