Pithos Partners with PGIM Real Estate for Self-Storage Ventures in Spain

November 11, 2025 - 22:15

In a significant move within the real estate sector, Pithos has entered into a joint venture with PGIM Real Estate aimed at developing a robust portfolio of self-storage assets across Spain. This strategic partnership is expected to leverage the growing demand for self-storage solutions in urban areas, where space is increasingly at a premium.

Bird & Bird played a crucial advisory role in facilitating this collaboration, ensuring that both parties align their interests and objectives for the project. The venture is anticipated to capitalize on the rising trend of self-storage facilities, driven by urbanization and changing consumer habits.

Experts predict that this initiative will not only enhance Pithos's market presence but also provide PGIM Real Estate with valuable opportunities in the Spanish market. As the self-storage sector continues to evolve, this partnership is poised to make a significant impact on the industry landscape in Spain.