#London #United Kingdom #Forum Partners #Pocket Storage #Biscuit Factory

Pocket Storage Introduces a New Era of Self-Storage in London

In an exciting development for urban residents, Pocket Storage, a vertically integrated self-storage provider based in the UK, has announced its inaugural facility located in the historic Biscuit Factory of Bermondsey, London. This state-of-the-art site will not only focus on delivering secure and easily accessible self-storage options but will also leverage cutting-edge technology to enhance user experience.

A New Model for Self-Storage

The founders of Pocket Storage, led by CEO Max Wilson, have designed this facility to be fully automated, which enables them to offer rental prices well below the market average without compromising on quality. Wilson stated, "Our fully automated model allows us to price rents at a significant discount to market average while ensuring a best-in-class customer experience." This innovative approach is anticipated to capture a substantial share of a market that is currently underserved, particularly in densely populated urban areas.

The demographic around the London Bridge and Bermondsey areas indicates a significant concentration of younger residents aged 20 to 39—approximately 78% of the population. Yet, this demographic currently has access to only two traditional self-storage facilities, indicating a clear opportunity for Pocket Storage to step in and fill this gap.

Facility Features and Plans for Expansion

The first Pocket Storage facility is expected to open its doors this summer at 100 Drummond Road, offering an impressive 132 storage units spread over a total of 10,000 square feet across two floors. The company employs a unique strategy that combines proprietary booking and access software to create a seamless experience for customers. This, coupled with a focus on transforming underutilized urban spaces—like vacant retail shops and car parks—gives Pocket a competitive edge.

This innovative strategy not only eases the challenges associated with operating self-storage in high-density urban environments but also becomes an essential resource for residents in need of additional storage. As part of its growth strategy, Pocket Storage envisions opening additional facilities totaling 38,000 square feet within London throughout 2025.

Global Ambitions

After establishing a strong presence in the UK, Pocket Storage has plans to expand globally into other major urban markets. Key locations being eyed for future facilities include New York City, Paris, and Tokyo—cities known for their space constraints and growing demand for efficient storage solutions.

Pocket Storage is collaborating with Forum Partners, a prominent global real estate investment and asset management firm with over $7.7 billion in assets across North America, Europe, and Asia Pacific. This partnership will greatly assist in financing and realizing the ambitious rollout of their self-storage facilities.

About Forum Partners

Founded in 2002, Forum Partners specializes in investing in high-quality real assets and superior real estate companies. They have successfully managed approximately $7.7 billion in capital across 24 countries, emphasizing their expertise in unlocking value in real estate investments.

Forum Partners’ track record in real estate is extensive, with direct or indirect ownership and management of over $14 billion in commercial properties globally. Their collaboration with Pocket Storage marks a significant stride in adapting self-storage solutions to meet modern urban needs.

The Future of Urban Storage

As cities continue to grow and the demand for flexible living space increases, the necessity for innovative storage solutions becomes ever more pertinent. Pocket Storage aims to redefine urban self-storage by creating automated, convenient, and economical facilities tailored to the lifestyle of contemporary city dwellers. With its forward-thinking approach and partnership with Forum Partners, Pocket Storage is poised to spearhead a transformation in how urban residents manage their storage needs.