has provided Irish self-storage platform U Store It with a 鈧�125m senior loan to refinance its existing debt.
The loan, issued through 鈥檚 real estate senior debt platform, refinances a 793,000sqft portfolio of nine modern purpose-built and converted facilities across Dublin, Belfast, Cork, Galway and Waterford.
James Day, executive director, European senior debt originations at PGIM, said: 鈥淯 Store It has built a genuinely differentiated position in Ireland鈥檚 self-storage market, and this refinancing lets us back a platform with a clear runway for growth.
鈥淚reland鈥檚 self-storage sector is still emerging, but demand fundamentals are strong, supply remains limited and awareness is rising, giving us real confidence in this platform for the long term.鈥�
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