Storage Central Seeks USD 20 Million in Equity and Debt as Part of USD 100 Million Strategic Expansion Programme

Storage Central is looking to raise USD 20 million in equity and debt as part of a USD 100 million strategic expansion programme across selected cities in Central and Eastern Africa.

The capital will fund the development of three strategically located self-storage facilities across Nairobi, building on the Company’s track record to date.

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 leading self-storage operator. The Company believes the market is approaching a 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 high yield 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 to execute its 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 acquiring the portfolio due to 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 are the largest 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 transaction presents a compelling investment opportunity to invest in Kenya’s fastest growing real estate sector due to its proven operating platform, experienced management team, development pipeline, strategic partnerships, attractive financing structure and clearly defined institutional exit.

This next growth phase 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.