Irish self-storage platform U Store It has secured a €125m senior loan from PGIM to refinance its 793,000 sq ft portfolio.
U Store It operates nine modern self-storage facilities, comprising a mix of purpose‑built and conversion properties, across Dublin, Belfast, Cork, Galway and Waterford.
Founded in 2001, the platform is run by a senior management team with self-storage sector experience dating back to the mid-2000s.
James Day, executive director, European senior debt originations at PGIM, said: “U Store It has built a genuinely differentiated position in Ireland’s self-storage market and this refinancing lets us back a platform with a clear runway for growth. Ireland’s self-storage sector is still emerging, but demand fundamentals are strong, supply remains limited and awareness is rising, giving us real confidence in this platform for the long term.”
