Day: August 29, 2023

Padlock Partners UK Fund IV Completes Acquisition Of Chippenham Property

We are excited to announce the acquisition of the Chippenham property as we continue to expand our portfolio in the United Kingdom. We look forward to serving the residents and businesses in such a great community,” – John Stevenson, Chief Executive Officer – Padlock Capital Partners Padlock Partners UK Fund IV (the “Trust”) announced today that it has successfully completed the acquisition of a development property located in Chippenham, United Kingdom (the “Chippenham Property”) for purchase price of £1,750,000, which was satisfied by way of cash from the proceeds of…

Big Yellow Wins Planning Appeal For Site in Wapping, East London

Big Yellow will spend GBP 36 million on construction costs, and it expects a 9% Net Operating Income on total capital deployed of GBP 56 million.” Big Yellow Group PLC – Surrey, England-based self-storage facilities operator – Wins planning consent on appeal for a mixed-use site in Wapping, east London. The approval allows the development of a 132,000-square-foot self-storage center and 114 residential flats. Big Yellow says demolition of existing buildings on the site will start “shortly”. It will spend GBP 36 million on construction costs, and it expects a…