KeepSafe Acquired by StoreLocal — Real Estate M&A

StoreLocal has completed the acquisition of KeepSafe, a real estate services other business in Western Australia, for over $101 million. StoreLocal acquisitions expand a self-storage mini-shed platform that operates institutional-quality storage assets, adding five Perth-area facilities previously run under the KeepSafe brand. KeepSafe acquisition strengthens StoreLocal’s real estate services M&A footprint across Western Australia locations including Balcatta, Belmont, Joondalup, O’Connor, Wangara, and Welshpool. The add on acquisition is a strategic acquisition by StoreLocal, a strategic buyer backed by BlackRock, following Blackstone’s 2021 purchase of the portfolio via DBI Storage.