Self-storage operator easyStorage, part of easyJet owner easyGroup, has raised £180m from lender Arini to support a UK expansion programme.
The firm, owned by CEO Tim Slesinger and easyGroup founder Stelios Haji-Ioannou, is planning to open 30 new sites in 2026, having already opened nine so far this year.
After that a schedule of 26 site openings a year is planned, with a total pipeline of 103 sites, on top of the 45 already in operation. The £180m facility will be spent over the next 36 months as EasyStorage needs it, said the spokesman.
The firm, launched in 2017, said it is “well positioned to benefit from industry dynamics, including growing demand for self-storage space from both residential and commercial customers” using its modular, asset-light model.
Slesinger said: “This strategic financing marks an important milestone for easyStorage. Partnering with Arini provides us with the flexibility and scale of capital required to accelerate our growth across the UK.”
Nabil Aquedim, head of real estate and asset-backed strategies at Arini, said: “We are proud to be the strategic partner of choice for Tim and his team at easyStorage, supporting the expansion of their footprint in the UK self-storage market.”
Arini was founded in 2021 with a primary focus on European credit markets and manages around $17.4bn (£12.9bn) across a range of strategies, including long/short credit, structured credit, opportunistic credit, direct lending and asset-backed finance.
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