Friday, 22 August 2025
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 funding will partially refinance invested equity and support the company’s development projects in Kraków and Warsaw. Stokado is jointly owned by Redefine Properties (JSE: RDF), Griffin Capital Partners, and its founders.
Since its acquisition by Griffin Capital Partners and Redefine Properties in 2023, Stokado has expanded its operations through both acquisitions and new developments. Construction is already underway on two facilities in Kraków and one in Warsaw, with three additional projects scheduled to begin this year. The company has also built up a land bank for future developments.
“Developing our own facilities allows us to implement the standards and level of quality of which we are particularly proud,” said Pieter Prinsloo, CEO of Redefine Europe BV. “Our first development, launched in July 2024, will be the first self-storage building in Poland to receive BREEAM certification. Stokado’s goal is to become the market leader within the next five years, with a focus on Warsaw, Kraków, Wrocław, and the Tricity.”
Dieter Lobnig, Head of Investment Banking and Real Estate Financing at Bank Pekao S.A., highlighted the sector’s growth potential: “Our support reflects confidence in both Stokado’s strategy and in the self-storage segment, which continues to expand in response to customer needs. We are pleased to see the financing directed toward new projects in Kraków and Warsaw, in line with our strategy to back innovative and forward-looking investments.”
Stokado’s current projects emphasize sustainability and customer convenience. All facilities are designed to meet BREEAM standards and will offer 24/7 access, with fully contactless service and mobile app functionality.
“Capital providers are increasingly open to financing this asset class,” added Piotr Fijołek, Co-Managing Partner at Griffin Capital Partners. “Europe already has around 16.5 million sqm of self-storage space, while Poland has fewer than 200 facilities. This gap represents significant growth potential, and we are pleased to contribute to the sector’s development.”
