Day: July 5, 2023

Oaknorth Bank Backs Acquisition of Self Storage Provider

While details of the deal first emerged last week, OakNorth has now revealed that it provided a £377m load to UK Storage Company as part of the deal.” OakNorth Bank has revealed its role on one of the UK’s largest independent self-storage providers being bought by an investor syndicate. Originally focused in the South West, the UK Storage Company has a portfolio of 28 well-invested sites comprising both leasehold and freehold properties that consist of 11,000 storage units. Founded in 2005, the business has expanded its geographic presence through a…

More Than 70,000 Sq Ft Of New Warehouse Space on the Way – SureStore Taken the Largest single Sq Ft Building

  Construction has started on Prime Park, a development of more than 70,000 sq ft of energy-efficient warehouse and trade counter space in Birmingham. Legal & General Investment Management’s specialist industrial fund IPIF and development partner Prime Box are delivering the development on a 3.4-acre brownfield site off Hamstead Hill, just four miles north of Birmingham City Centre, with completion set for spring 2024. Located next to a new Lidl superstore, the scheme will comprise 10 units ranging from 1,690 sq ft to 28,416 sq ft. Several of the units…

Self Storage Facility on Former Regency Laundry Site Approved

Plans for a new self-storage facility in Bath that could help support 100 jobs have been given the go-ahead. Vanguard was granted planning permission to redevelop the former Regency Laundry site on the Lower Bristol Road at Bath and North East Somerset Council’s planning committee on Wednesday 28th June. Head of property at Vanguard, Mike Lamplough, told the committee that the facility would help to tackle the “chronic shortage” of industrial space in Bath. He said: “Self-storage is very attractive to business customers. At our Bristol store which we built…

Shurgard Self Storage SA : Signs New Purchase Agreement in the London Area

Shurgard Self Storage Ltd (“Shurgard”) Shurgard signs new purchase agreement in the London region (south-west) Shurgard – the largest developer, owner and operator of self-storage facilities in Europe – has signed a new land purchase agreement for a building located in the London region and expects to obtain a planning permission in the coming months. This future c. 7,400 sqm self-storage property is set to open in the first quarter of 2025. The new freehold purpose-built facility will offer over 1,100 self-storage units (spread over four floors) to the nearby…

Expansion on the Cards at Lok’nstore

At about 84,000 sq ft, this freehold Landmark store would be its biggest to date when it opens. A grant from the planning committee for its updated planning permission at its freehold site in Cheshunt, Hertfordshire, has also been secured.” Self-storage company Lok’nStore has been buoyed by ‘excellent trading’ and outlined plans to expand its portfolio of sites. The company opened its new landmark freehold store in Peterborough on 27 June 2023, with the 46,000 sq ft site having a total project cost of £7.5m. Early trading at the recently-opened…