Day: July 20, 2023

Padlock Partners UK Fund IV Completes Acquisition of Edmonton and Haverhill Properties

We are thrilled to be able to secure these properties for our continued expansion in the United Kingdom. Both the Edmonton and Haverhill properties are superb sites that will be a great addition to our self-storage portfolio of Class-A properties. We look forward to serving the neighborhoods and local areas with our unique brand of self-storage and lifestyle services,” – John Stevenson, CEO Padlock Partners UK Fund IV (the “Trust”) announced today that it has successfully completed the previously announced acquisition of two redevelopment properties located in Edmonton and Haverhill,…

Self Storage Company Reveals £3.5 Million Investment in Somerset

We will now be making a significant investment to rejuvenate the site, increasing the self-storage capacity from 7,000 sq ft to 37,000 sq ft and upgrading facilities. We will also be bringing our Squab workspace service to the site, providing flexible and bespoke accommodation as well as amenities and support to SMEs in a range of sectors.” – Alex Henney, Director of Squab A business centre and self-storage company has announced a £3.5m investment in Somerset. The Warwickshire-headquartered Squab Storage has completed the purchase of the Britannia Lanes in Bridgwater…

Lok’nStore Buys Eastbourne Site With Share Placing Funds

Self-storage operator Lok’nStore Group announced the first deployment of capital from its recent placing on Monday, as it acquired a new 60,000 square-foot freehold ‘landmark’ site in Eastbourne, Sussex. The AIM-traded firm said the move was the beginning of its expansion plans, following the significant injection of £19.8 million in funding. It said unconditional contracts for the new site had been exchanged, with the Eastbourne location providing an opportunity for the company to establish a presence in the Sussex region, catering to growing demand. In addition to the new acquisition,…