Padlock Euro Storage Fund I (the “Trust”) announced today that it has successfully completed the acquisition of three leasehold properties located in Gillingham, Mitcham, and Sittingbourne, United Kingdom for a combined purchase price of £8,775,000 excluding costs, which was satisfied by way of cash from the proceeds of the Trust’s recently secured refinance debt facility. The Gillingham Property, purchased for £4,186,000, consists of a leasehold interest in an existing self-storage facility located in Gillingham, UK. The 3-story facility currently offers approximately 27,180 net rentable square feet of self-storage units. The…
Padlock Euro Storage Fund I Completes Acquisition of Gillingham, Mitcham, and Sittingbourne Properties in the United Kingdom
