Day: May 14, 2021

Edinburgh, Scotland

Market of the Month is a regular feature in List Self Storage – the idea of this series is to select and focus on a particular city or area, and then delve into StorTrack’s substantial data reserves to find some interesting and informative insights into the market from a self storage business perspective. This month, we take a look at Edinburgh – the capital of Scotland, the home to the world’s largest arts festival and a city where over 75% of the buildings are listed. The self storage industry throughout…

Acquisition Review

The Deal Recently, Storage King acquired Blackpool Self Store in Blackpool, England for £3.6 million. Storage King, which operates 29 facilities in the United Kingdom, is owned by Stor-Age Property REIT and operates the Stor-Age Self Storage brand in South Africa. The Facility Opened in 2005, the facility comprises 30,100 square feet and offers room for expansion. The facility at 20 Clifton Road is in the Tellcom Business Centre.  With data from StorTrack, we took a closer look at the market demographics to learn what made this facility an attractive…

Blackpool Self Store Sells for £3.6 Million

Storage King, which operates 29 facilities in the United Kingdom, acquired Blackpool Self Store in Blackpool, England, for £3.6 million. The facility at 20 Clifton Road is in the Tellcom Business Centre. Opened in 2005, it comprises 30,100 square feet, with room for expansion. Storage King is owned by Stor-Age Property REIT, which operates the Stor-Age Self Storage brand in South Africa. Source

A Trio of Award Wins for Newport’s Storage Giant in a Year of Ambitious Expansion Plans

Newport-based Self Storage specialists, Storage Giant, has just picked up a trio of fresh award wins in a year that is set to see the firm double its footprint in Wales and the UK. The firm, which is the largest private self storage provider in Wales and the second largest in the UK, has sites across Wales, The Midlands and the M4 corridor, and it is pressing ahead with plans to open new sites in Bridgend, Nottingham, and two in the West Midlands in the coming months. The firm has…

New CFO Joins Self Storage Company as Plans for Growth Accelerate

Kangaroo Self-Storage, the company that makes storage simple, has made a senior financial appointment as it accelerates plans for growth as the country starts to come out of lockdown. With stores across Scotland and North West England, Kangaroo is gearing up for a period of significant business expansion through organic and acquisitive growth as well as development of the Kangaroo brand via Joint Venture partnerships and management contracts. Bryan Lee, appointed as Chief Financial Officer, joins the Board to lead the storage company’s finance and IT function and will be…

Self Storage Software Provider, Stora, Raises £0.5 Million

Industry veteran, David Milton, invests alongside venture capital firm, Techstart Ventures. Stora, a new web-first self storage software product, has raised £0.5m in a round led by Techstart Ventures to fund continued growth in the UK and US. Stora makes it easy for any self storage operator to embrace the web and run their business online. It gives them a website, designed to be their number one sales channel, that includes online bookings and payments. It automates key processes including recurring billing and customer check-in. In addition, each operator gets…

National Expansion Plans for North East Storage Specialist with New Franchising Scheme

A North East storage company has announced plans to expand nationwide as it launches a new franchise programme. U Hold The Key, based in Stockton-on-Tees, said that it has seen a “surge in demand” for self storage throughout the pandemic and has accelerated the development of its franchise plans in response. Looking Forward The company, which is a division of Parsons Containers Group, said that it expects to open its first franchised site this summer, and will expand into new territories with the scheme. It reported a 15 per cent…

Padlock Partners UK Fund II Files Preliminary Prospectus for Initial Public Offering

Padlock Partners UK Fund II announced today that it has filed with the securities commissions or similar authorities in each of the provinces and territories of Canada, and obtained a receipt for a preliminary prospectus for an initial public offering of trust units. The preliminary prospectus qualifies the distribution of a minimum of C$20 million and a maximum of C$40 million of Class A Units, Class F Units, Class C Units and/or Class U Units of the Trust at a price of C$10.00 per Class A Unit, Class F Unit…

UK Self Storage Operator Lok’nStore Releases Pre-Close Financial Results for First Half of Fiscal 2021

Lok’nStore, the fast-growing AIM listed self storage company, is pleased to provide the following update on trading in the half year to 31 January 2021. Under government COVID-19 rules, self storage businesses have been designated as essential services and are permitted to operate during the lockdowns. We provide storage solutions for many customers in essential services including health care, emergency services and food distribution. Self storage is an increasingly integral part of the logistics system within the UK with around 32% of our business coming from commercial customers, many of…