In an interview with Business Review, Danu Temelie, managing partner for EuroMiniStorage, the first and only self-storage facilities in Romania, discussed the companys obstacles to opening and lack of awareness of the service.
EuroMiniStorage was first conceived in 2006 after Temelie sold his archiving business. The facilities were built in 2008-09 in Bucharest and Budapest, and opened in 2010. They currently have more than 300 tenants and 60 percent occupancy.
Because the concept was new, Temelie reports rental rates have been reduced significantly from the original business plan. The companys goal is to educate the public about the benefits of self-storage. There are also plans for a second phase, consisting of 200 to 300 smaller units, which are in demand. EuroMiniStorage has also identified land in other areas for possible self-storage development.
Sources:
- Business Review: Growth in Store on a Cautious Market
