PLMJ advises Incus Capital on self-storage joint venture

PLMJ has advised Incus Capital, a Spanish asset management consultancy, on a joint venture with Colares Capital, the aim of which is to develop the “Control Space” self-storage platform, as well as leading this area through new property acquisitions and their respective conversions.

The operation involved a substantial initial investment, from which the joint venture acquired the group of properties that were under the management of Control Space but held by the fund managed by Insula Capital, located in Lisbon, Porto and Amadora.

This investment was particularly complex, not only because it involved an activity that is little explored in Portugal, self-storage, but also because of the wide range of contractual relationships required to implement the joint venture.

The advisory brought together a multidisciplinary team, led by Francisco Lino Dias, partner and co-coordinator of the real estate and tourism area, and which also included the coordinating associates Luís Filipe Santiago Salema, from the Real Estate and Tourism area, and Nuno Serrão Faria, from the corporate M&A area, as well as the associates, also from both areas, Leonor Melo Bento, Mafalda Oliveira Cordeiro and Beatriz Veiga Santos.