1Box Group Secures €110M Refinancing For Planned European Expansion

1Box Group, a self-storage brand based in the Netherlands and backed by real estate firm Volta Global, has secured €110 million in senior debt refinancing to bolster its growth strategy. The new credit facility will be managed by Tristan Capital Partners, a real estate investment firm, according to a company press release.

The funding package nearly doubles the €58 million loan 1Box received in 2023, which was used to expand operations within the Netherlands and broader European market. According to the release, this new round of capital will support a range of initiatives, including site improvements, technology upgrades, equity recapitalization, and capital reserves for future acquisitions and developments.

“This strengthened partnership with Tristan Capital Partners is a cornerstone of our strategy to capitalize on the significant growth opportunities in the self-storage sector, not only in the Netherlands but across Europe,” said Jeff Evans, president of Volta Global. “This financing marks an important step in advancing our ambitious plans for expansion and innovation. We are proud to continue this journey alongside Tristan Capital Partners and our outstanding management team in the Netherlands, led by managing directors Jasper Bos and Jan Bikker, as well as our [chief operating officer], Tom Spauwen.”

Dan Pottorff, head of debt investment at Tristan, added: “This refinancing reflects our strategy of providing tailored capital solutions to high-quality sponsors operating in growth sectors across Europe. We are thrilled to strengthen our partnership with 1Box Group through this €110 million refinancing. 1Box’s strong operational platform and innovative approach to self-storage make them an ideal partner for Tristan’s credit strategy of supporting high-potential real estate platforms. We are pleased to support their continued growth.”

1Box currently operates 32 self-storage locations in the Netherlands and France, with two additional facilities in development. The brand oversees roughly 900,000 square feet across 15,000 storage units. It functions as a subsidiary of Miami-based Volta Global, a firm with investments spanning self-storage, multi-family residential, and hospitality real estate.

Founded in 2009, London-based Tristan Capital Partners focuses on value-add property investments throughout Europe and the U.K. The firm manages more than €15 billion in assets and is affiliated with New York Life Investments, which oversees $727 billion globally.