Day: March 24, 2025

Padlock Euro Storage Fund I Completes Acquisition of Property in Swindon [England]

Padlock Euro Storage Fund I (the “Trust”) announced today that it has successfully completed the acquisition of a freehold property located in Swindon, United Kingdom (the “Swindon Property”) for a purchase price of £9,400,000 excluding costs. The transaction was satisfied by way of cash from the proceeds of the Trust’s recently upsized debt facility. The Swindon Property consists of a freehold interest in a newly built self-storage facility with approximately 30,000 net rentable square feet of self-storage units. The Trust plans to fit out the two-storey building with an additional…

Plans Lodged for £12 Million Self-Storage Facility in Northwich, Cheshire [England]

WUKPG has submitted a proposal to Cheshire West and Chester Council for a 62,000 sq ft complex off Chester Way. The five-floor Northwich self-storage development would be operated under WUKPG’s Shutter Store brand. The developer, which is planning to build a £150m self-storage portfolio by 2030, acquired the one-acre site from Adlington Homes, part of Gladman Developments, in 2021. At that time, the plot had planning permission for a 50-apartment extra care scheme. However, WUKPG has pivoted to self-storage, planning a £12m facility that would provide 600 storage units, co-working…