{"id":1478,"date":"2023-03-01T15:32:30","date_gmt":"2023-03-01T15:32:30","guid":{"rendered":"https:\/\/listselfstorage.com\/uk\/industry-insights\/?p=1478"},"modified":"2023-03-01T15:32:30","modified_gmt":"2023-03-01T15:32:30","slug":"redefine-properties-enters-polish-self-storage-market","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/uk\/industry-insights\/redefine-properties-enters-polish-self-storage-market\/","title":{"rendered":"Redefine Properties Enters Polish Self-Storage Market"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\"><img loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/www.ccbc.co.za\/media\/com_mtree\/images\/listings\/o\/2484.jpg\" alt=\"Redefine Properties\" width=\"652\" height=\"174\" \/><\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<blockquote><p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The Polish self storage industry is in its infancy, with a much lower penetration rate than in other European countries, according to the source. It\u2019s expected to grow at a compound annual growth rate of more than 8% over the next three years&#8221;<\/span><\/span><\/span><\/p><\/blockquote>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Redefine Properties, a South Africa-based real estate investment trust (REIT), is diversifying its portfolio by investing in self storage in Poland. The company is collaborating on the venture with strategic partner Griffin Capital Partners, an investment and asset manager that specializes in commercial, office and residential sectors. Redefine will hold 93% of the joint venture\u2019s equity, with Griffin retaining the remainder and providing management services, according to the source.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\">\u201c<span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">We need to pivot to focus on what matters most and realize that poly-crises can create opportunities,\u201d Redefine CEO Andrew K\u00f6nig said during the REIT\u2019s financial reporting for the half-year ending on Feb. 28. \u201cWe need to remain innovative, agile and resilient while placing our purpose and our stakeholders\u2019 needs at the heart of what we do. While we are cautiously optimistic for the future, we must be realists of what we need to deal with.\u201d<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The Polish self storage industry is in its infancy, with a much lower penetration rate than in other European countries, according to the source. It\u2019s expected to grow at a compound annual growth rate of more than 8% over the next three years, K\u00f6nig said.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Redefine\u2019s property investments in Poland and South Africa have a value of R88.9 billion. The company focuses on industrial, office, and retail asset classes.<\/span><\/span><\/span><\/p>\n<p><a href=\"https:\/\/www.insideselfstorage.com\/europe\/redefine-properties-enters-polish-self-storage-market\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Source<\/span><\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The Polish self storage industry is in its infancy, with a much lower penetration rate than in other European countries, according to the source. It\u2019s expected to grow at a compound annual growth rate of more than 8% over the next three years&#8221; Redefine Properties, a South Africa-based real estate investment trust (REIT), is diversifying its portfolio by investing in self storage in Poland. The company is collaborating on the venture with strategic partner Griffin Capital Partners, an investment and asset manager that specializes in commercial, office and residential&hellip;<\/p>\n","protected":false},"author":13,"featured_media":1479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[20],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/posts\/1478"}],"collection":[{"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/comments?post=1478"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/posts\/1478\/revisions"}],"predecessor-version":[{"id":1480,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/posts\/1478\/revisions\/1480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/media\/1479"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/media?parent=1478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/categories?post=1478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/tags?post=1478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}