Storage Central Announces USD 9 Million Equity Raise to Accelerate National Expansion

Storage Central today announced the launch of a USD 9 million equity investment round to accelerate the next phase of its growth and establish Kenya’s leading institutional self-storage platform.

The capital will fund the acquisition of land and development of three strategically located self-storage facilities across Nairobi, building on the Company’s proven operating platform and complementing a significant debt facility currently under offer from a leading international financial institution.

Since opening its flagship facility on Mombasa Road, Storage Central has demonstrated the commercial viability of self-storage in Kenya and established itself as East Africa’s largest purpose-built self-storage operator. The Company believes the market is approaching an pivotal moment, driven by rapid urbanisation, increasing residential density, the continued growth of e-commerce, and rising demand from businesses and households for secure, professionally managed storage solutions.

The planned expansion represents a significant step towards creating a scalable portfolio of income-producing real estate assets serving households, entrepreneurs, SMEs and corporate clients across Nairobi. The Company has already identified development sites and partnered with one of Kenya’s leading real estate developers providing Storage Central with an experienced development partner capable of delivering its ambitious expansion strategy.

Storage Central has also established a clear institutional exit strategy. The Company has already engaged with several institutional investors that have expressed interest in acquiring a mature, income-producing self-storage platform following the successful execution of its expansion programme.

Among the potential acquirers is a listed real estate investment trust (REIT), which views self-storage as an attractive asset class capable of enhancing portfolio diversification while delivering stable, long-term yields. In addition, two institutional pension funds have expressed interest in the predictable and recurring cash flows that a scaled self-storage platform is expected to generate.

In more mature markets, including North America, Europe and Australia, pension funds have become significant investors in self-storage assets because of their resilient income streams, inflation-linked rental growth and defensive performance throughout economic cycles. Storage Central believes these discussions demonstrate the growing institutional recognition of self-storage as an emerging investment class in East Africa.

“We believe self-storage will become an essential part of East Africa’s urban infrastructure,” said Gerardo Segura, Co-Founder of Storage Central. “Our ambition is not simply to develop additional facilities, but to build the region’s leading self-storage platform, one that delivers long-term value to customers, investors and the communities we serve.”

Storage Central is inviting a select group of equity partners to participate in this next stage of growth. The Company believes that its proven operating platform, experienced management team, identified development pipeline, strategic development partnership, attractive financing structure and clearly defined institutional exit strategy present a compelling opportunity to invest in one of Kenya’s fastest-growing real estate sectors.

The equity raise represents a significant milestone in Storage Central’s evolution, from pioneering Kenya’s self-storage industry to building what it intends to become East Africa’s leading institutional self-storage platform.