Stokado, the second-largest operator in the rapidly growing Polish self-storage market, owned by Redefine Properties (JSE: RDF), Griffin Capital Partners, and the company's founders, has commenced construction on its second development project in Cracow. The new building, offering over 3,000 sqm of net lettable area (NLA), will be available to clients in spring 2026.

The new facility, spanning over 3,000 sqm NLA, will be located on the busy Nowohucka Street in Cracow, directly adjacent to the M1 shopping centre. Situated right next to one of the city’s main thoroughfares, the warehouse will enjoy excellent visibility from Kraków’s third ring road. This strategic location, near a major retail hub and surrounded by residential neighbourhoods, aligns perfectly with the company’s development strategy. In selecting sites for new investments, the company prioritises the convenience and accessibility for its clients, ensuring easy access and convenient transportation links.

Both private and business clients will have access to a modern, fully automated facility. As with other Stokado properties, box reservations will be available via the website or app, and access to the facility and individual units will be granted 24 hours a day, 7 days a week. The building has been designed to achieve a BREEAM certification at the Very Good level and will feature a range of environmentally friendly solutions, including photovoltaic panels, LED lighting, and a heat pump.

Pieter Prinsloo, Chief Executive Officer of Redefine Europe BV, comments: “Stokado currently operates self-storage facilities in 12 cities across Poland. Following the acquisition of the company in 2023, we have focused on further expansion, particularly in Warsaw and other key cities, including Cracow. Evidence of the successful implementation of this strategy can be seen in two projects secured last year – one in Warsaw's Bemowo district and the other in Cracow's Bronowice, which will be completed this summer. Now, our portfolio is expanding with a new facility in Cracow, and in the coming months, we plan to announce additional ambitious projects.”

Piotr Fijołek, Co-Managing Partner at Griffin Capital Partners, says: “The self-storage market in Poland is still far from saturation, and the demand for modern, well-located facilities that meet environmental standards is growing both from customers and investors. In addition to Warsaw and Cracow, we are also focusing on other cities that offer substantial development potential in this segment. We have already secured several plots of land for future investments. We plan to begin construction on four new facilities by the end of this year across various locations in Poland, which will enable us to better meet the increasing market demand.”

The completion of the second Stokado facility in Cracow is scheduled for spring 2026. The company currently manages over 28,000 sqm of net lettable area (NLA) across 20 locations.