Stokado, the second-largest operator in Poland’s self-storage market, has secured PLN 80 million in debt financing from Bank Pekao S.A. The funds will partially refinance invested equity and support the development of ongoing projects in Kraków and Warsaw.
Since being acquired by Griffin Capital Partners and Redefine Properties in 2023, Stokado has expanded rapidly, acquiring existing facilities and launching new developments. Current projects include two facilities in Kraków and one in Warsaw, with plans to start construction of three more buildings this year.
“Developing our own facilities allows us to implement the standards and quality we are proud of. Our first development, launched in July 2024, will be the first self-storage facility in Poland to achieve BREEAM certification. Stokado’s ambition is to become the market leader within the next five years, focusing on metropolitan areas such as Warsaw, Kraków, Wrocław and the Tricity,” said Pieter Prinsloo, CEO of Redefine Europe BV.
According to Dieter Lobnig, Head of the Investment Banking and Real Estate Financing Department at Bank Pekao S.A., the financing reflects confidence in both Stokado and the sector. “We are glad the funds will not only refinance equity but also drive new developments in Kraków and Warsaw, in line with our strategy of supporting forward-looking projects,” he said.
Stokado’s developments are designed to meet BREEAM standards and will provide 24/7 contactless access managed via a mobile app.
“We are pleased to once again partner with Bank Pekao. This collaboration shows that capital providers are open to financing this asset class. Self-storage space in Europe totals around 16.5 million sqm, while Poland still has fewer than 200 facilities. This creates substantial room for growth, and we are proud to contribute to the market’s development,” said Piotr Fijołek, Co-Managing Partner at Griffin Capital Partners.
Stokado currently operates 20 facilities across Poland, with a total of 28,000 sqm of lettable space and around 3,000 private and business customers.
