Cain International
London, 17 December 2024: Cain International (‘Cain’), the alternative asset manager specialising in real estate investment solutions, via its Fortwell credit strategy, has agreed an £11 million construction loan to fund a state-of-the-art, 65,000-square-foot self-storage facility in Milton Keynes, developed by Compound Real Estate (‘Compound’).
Located in the city’s premier retail park and with excellent transport links, this Grade-A development will introduce Milton Keynes’ first fourth-generation, new build, ESG positive, self-storage facility, designed for optimal accessibility and customer convenience. The financing represents Cain’s initial transaction in the self-storage sector, marking its entry into this expanding area of focus for the business.
Backed by a private family office, Compound is a UK-based specialist self-storage developer with a current development pipeline of 500,000 square foot across London and the South East. This new asset will contain 868 storage units, including ground-level “drive-up” units for easy access, with sizes ranging from 10-1,000 square feet. The project also boasts high ESG credentials, targeting BREEAM Excellent and Net Zero Carbon status.
Brotherton, Archor and Freeths advised Compound. Blake Morgan, CBRE and Colliers advised Cain.
James MacAlpine, Associate, Real Estate Credit at Cain, said: “We are excited to support Compound on our first deal in the self-storage sector. As the UK market experiences strong growth in this area, this new partnership is a natural fit for our commitment to supporting high quality sponsors in sectors with strong market fundamentals.”
Jacob Sandelson, Founding Partner at Compound added: “Cain’s support is essential as we scale our operations and expand into further key markets, driving toward our goal of building one of the largest privately held self-storage portfolios in the UK. This development also reflects our core priorities—exceptional design, customer centricity, strong ESG standards, and operational excellence.”
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