Hall & Wilcox advises Swift Storage on acquisition by Barings

Hall & Wilcox advised Swift Storage in the $200 million sale of a majority interest in their self-storage enterprise to global investment giant Barings. Brisbane-based self-storage platform Swift, founded by USS Funds Management (USSFM), has pioneered an efficient operating model for the industry offering contactless, drive-up self-storage with no on-site staff.

The multi-asset transaction comprised the sale of the existing portfolio of assets, comprising 15 purpose built self-storage centres, and the operating business, with a secured pipeline of new self-storage developments across Queensland.

Partner Sean McMahon said, ‘We are delighted to have advised Swift on this significant transaction, which is essential to the continued growth of Swift, and involved our team collaborating across funds management, corporate and property expertise.’ 

Our multi-disciplinary investment funds team for this major funds transaction was led by partners Sean McMahon and Langton Clarke and included special counsel Kristy McCluskey, consultant Pip Bell, and associates Nancy Harb and Matthew Hinde. Sean McMahon and Langton Clarke have worked closely with USSFM since it was established in 2012.

This deal closely follows our team advising the principals of the StoreLocal Group, Australasia's fourth-largest operator, in the sale of a majority interest in their $440 million self-storage enterprise to the world’s largest asset manager BlackRock. 

Hall & Wilcox's investment funds team, HW Funds, is Australia's largest and leading investment funds advisory team, with extensive experience across each stage of the fund life cycle, including major funds transactions.