Shurgard Bows To TIAA / T-C Storage In Bid For Sweden Self-Storage Operator 24Storage

Shurgard Self Storage withdrew its offer to purchase 24Storage after financial-services firm Teachers Insurance Annuity Association of America (TIAA) increased its bid to SEK 76 per share. TIAA, bidding through Sweden affiliate T-C Storage BidCo AB, initially offered SEK 62 per share on November 8th before Shurgard made a larger offer. T-C Storage has agreed to buy 92.38% of 24Storage outstanding shares and set an acceptance deadline of December 13th, according to a press release. “The offer from TIAA validates Shurgard’s interest in 24Storage and underpins the strong investor interest…

SREF Appoints Flexiss To Manage 230,000 Sq Ft Self-Storage Portfolio

Schroder UK Real Estate Fund (SREF) has instructed industry storage specialist, Flexiss as the new asset manager for its 230,000 Sq Ft self-storage portfolio of five assets around London. Flexiss will manage SREF’s portfolio of self-storage assets which are all located around outer London and the M25, and operates under SREF’s specialist brand name the Self Storage Company, as the fund seeks to further grow rental income and investment returns. SREF was amongst the first investors entering this alternative market when it acquired the Self Storage Company brand and its…

blue self storage is the New Name of Cardiff Self Storage Ahead of Expansion

Formerly known as Cardiff Self Storage, the 31 year-old company rebranded as blue self storage this week to reflect its new sites in locations beyond the Welsh capital as it rolls into a new era of smart & affordable storage across Wales. Chris Bryan, Commercial Manager at blue self storage said: “Owing to the ever-increasing demand for affordable self storage, especially from local businesses, we’re incredibly excited to be changing our name to blue self storage, to accommodate the demand and facilitate our upcoming national expansion. Our loyal customers – many of whom…

A Trio of Award Wins For Newport’s Storage Giant In A Year of Ambitious Expansion Plans

Newport-based Self Storage specialists, Storage Giant, has just picked up a trio of fresh award wins in a year that is set to see the firm double its footprint in Wales and the UK. The firm, which is the largest private self-storage provider in Wales and the second largest in the UK, has sites across Wales, The Midlands and the M4 corridor, and it is pressing ahead with plans to open new sites in Bridgend, Nottingham, and two in the West Midlands in the coming months. The firm has been…

The Trials and Triumphs of the UK Self-Storage Industry: One-on-One With Storage King CEO

The U.K. self-storage sector is strong despite the pandemic and other economic challenges. In fact, Storage King, one of the region’s largest operators, is fast-tracking its growth. CEO Robin Greenwood shares its plans, how the industry has been impacted by world events and what he sees for the future. Storage King is the sixth largest self-storage operator in the United Kingdom, with 29 owned facilities and seven others trading under its brand name. In 2017, the company was acquired by South Africa’s largest self-storage company, Stor-Age Property REIT, a real estate…

UK Self Storage Operator Storage King Supports Mental-Health Charity YoungMinds

Storage King, which operates 29 self storage properties in the United Kingdom, is giving financial support to YoungMinds, a U.K. organization that provides mental-health awareness and services to children and teens. A portion of all new Storage King unit rentals will be allocated to assist the charity in its endeavors, according to a press release. As a business, we knew that we had to focus on driving awareness of mental well-being and support organizations [that] are on the front line each and every day, helping those in need during what…

The Toy Project Partners with Attic Self Storage on Weekly Toy Collection Service for London’s Children in Need

The London based self storage company, Attic Self Storage, has partnered with the children’s charity, The Toy Project to run a weekly toy collection service across the UK’s capital to encourage families to donate their unwanted toys to children in need. The initiative has been stoked in a move to offer support to the 38 per cent of London’s children living in relative poverty and sees Attic encourage families to dig deep and help old toys find a new home with the children who need them the most. The self…

Austria Self Storage Operator Storebox Raises €52 Million to Expand Services, European Footprint

Storebox Holding GmbH, a Vienna-based self storage, warehousing and logistics startup, has raised €52 million in a Series B investment round to increase its presence and services across Europe. The company intends to expand its last-mile delivery capabilities by adding multi-functional warehouses for use by business and residential customers as well as to grow its franchise base, according to a press release. With this investment, we aim to open thousands of locations in Europe over the next few years and to become the market leader in micro-logistics hubs to provide,…

Cracking Down on Criminals Who Target the Self Storage Industry

The Intellectual Property Office (IPO), National Trading Standards, London Trading Standards and the Self-Storage Association UK (SSAUK), have teamed up to launch a new code of practice. The initiative’s aim is to reduce the appeal of self storage facilities to criminals who deal in counterfeit and other illicit goods. ‘The Tick Box: Keep it Real Keep it Legal’ code of practice sets out a few simple procedures. The aim is to prevent the fraudulent storage of counterfeit and other illicit or unsafe goods. It also helps self storage facility owners…

Fast Growing Self Storage Specialist Scoops Two More Business Awards

Newport-based Self-Storage expert, Storage Giant, has scooped its third and fourth awards of the year, by being named Business of the Year 2020 by the Business Growth Awards South Wales, as well as winning the Economic Contribution Award at the Business Growth Awards in Cardiff this month. The company, which started life as a single unit concern at the onset of the recession, and is now a multi-million turnover business, was given these two most recent accolades at an awards ceremony in Cardiff, having already been awarded Best Commercial &…