Self Storage Group ASA – Acquisition Of Property In Gardermoen, Norway

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a new-build property in Gardermovegen in Nannestad, Norway. The transaction has a property value of NOK 11.5 million, with an estimated lettable area of 1050 square meters. The facility is projected to open during Q3 2022. The property in Gardermovegen will be operated under the OK Minilager brand. “The property is located in Øvre Romerike, a region north of Oslo with strong growth. The location has easy access from main roads, close to Jessheim. This…

Self Storage Group ASA – Acquisition Of New Property In Vennesla, Norway

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Lundevegen 10 in Vennesla, Norway. The transaction has a value of NOK 6.2 million. The property has a potential lettable area of 800 square meters. The facility is projected to open in Q3 2022 and will be operated under the OK Minilager brand. “The property is located in Vennesla, 20 minutes from Kristiansand. With this investment OK Minilager will exceed 10 facilities in the county of Agder, strengthening our number one position…

Self Storage Group ASA – Acquisition Of New Property In Vestby, Norway

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Deliveien 21 in Vestby, Norway. The transaction has a value of NOK 15.6 million. The property has a potential lettable area of 1500 square meters. The facility is projected to open in Q1 2023,and will be operated under the City Self Storage brand. “The property is located in Vestby in Follo, 30 minutes from Oslo. The population in the region is growing, and the supply of self-storage in the area is limited.…

Self Storage Group ASA – Acquisition Of Property In Halden

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Sørliveien 84 in Halden, Norway. The transaction has a property value of NOK 8 million, with an estimated lettable area of 1400 square meters. The transaction is expected to be closed during the 1st quarter of 2022. The property is a section in the same building where SSG owns and operates an existing facility under the City Self Storage brand. “With this acquisition SSG will get ownership of the whole building, enabling…

Self Storage Group ASA – Acquisition Of New Property In Trondheim, Norway

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Nordslettvegen 4 B in Trondheim, Norway. The transaction has a value of NOK 17 million. The property has a potential lettable area of 1550 square meters. The facility is projected to open in Q2 2023 and will be operated under the OK Minilager brand. “The property is located in Fossegrenda, just south of Trondheim City center. This is a central location, close to major residential and student housing areas in Trondheim. With…

MCR Property Continue Scottish Expansion With £6m Refurb Contract

MCR Property Group has acquired its second multi-let business complex in Scotland as it continues its drive to expand rapidly north of the border. The property developer is investing £6 million in the Pentagon Business Centre, to create a modern, comfortable home for well over a hundred businesses. MCR Property chose to retain all staff in place and created ten additional job roles. The historic six-storey building at 36 Washington Street overlooks the River Clyde and sits at the heart of Glasgow’s financial district. It was constructed over 120 years…

LondonMetric Property Acquires Two Logistics Properties For GBP136m

LondonMetric Property (LondonMetric) has acquired two logistics warehouses for GBP135.6 million in separate transactions, reflecting a blended NIY of 4.2 per cent and a reversionary yield of 4.8 per cent. The properties generate a rent of GBP6.0 million pa with 100 per cent of the income benefiting from RPI linked rent reviews. The warehouses have a WAULT of 22 years and comprise: • c700,000 sq ft, acquired for GBP97.0 million at a NIY of 4.0 per cent and let to a high quality occupier for another 23 years at a…

UK Self-Storage Operator Storage King Secures £50M to Fund Expansion

Storage King, which operates 29 self-storage properties in the United Kingdom, has secured £50 million in funding from British banks HSBC UK and Santander UK to help fuel future growth. The company intends to expand several existing sites as well as add two to four new facilities annually over the next five years, according to a press release. The Storage King portfolio has performed well over the last 18 months, growing in physical occupancy from 75% to 90%, the release stated. The company attributed the progress to increased demand stemming…

Nuveen Enters European Self-Storage Sector With Purchase Of Green Storage Portfolio In Sweden

Nuveen Real Estate, an American asset manager and subsidiary of financial-planning firm TIAA Investments, has entered the European self-storage sector with the purchase of a majority interest in Green Storage in Greater Stockholm, Sweden. The seller, Green Group, will retain a minority interest in the portfolio that includes 14 facilities, six of which are under development, according to the source. “Nuveen is focused on expanding into the real estate alternative sectors, with self-storage considered one of the winning subsectors in Europe given low levels of supply, proven resilience during times…

McCarthy’s Storage World Purchases Huddersfield Site For £5m

A self-storage specialist has opened the doors on its fifth centre – the second it has opened since the coronavirus outbreak. McCarthy’s Storage World has purchased Phoenix Retail Park in Huddersfield, which is also home to furniture store DFS, as part of a £5m investment. The firm has converted an empty retail unit into 30,000 Sq Ft of storage space, with capacity for significant expansion and suitable for both business and personal storage use. Units range in size from 10 Sq Ft to 3,000 Sq Ft. An on-site shop will…