Acquisition Review: Rent-A-Space Shrewsbury

The Deal Recently, Heitman LLC., a global real estate investment management firm, acquired Rent-A-Space Shrewsbury. The investment marks the first acquisition expanding Space Station, a UK self storage platform that a Heitman affiliate acquired in late 2020, and is the platform’s first storage solution in the West Midlands region. Upon acquisition of the property, Heitman plans to complete the remaining lease-up of the asset while converting bulk space into additional conventional self storage units as part of the value proposition of the acquisition. The Facility The asset was purpose-built in…

Acquisition Review

The Deal Recently, Storage King acquired Blackpool Self Store in Blackpool, England for £3.6 million. Storage King, which operates 29 facilities in the United Kingdom, is owned by Stor-Age Property REIT and operates the Stor-Age Self Storage brand in South Africa. The Facility Opened in 2005, the facility comprises 30,100 square feet and offers room for expansion. The facility at 20 Clifton Road is in the Tellcom Business Centre.  With data from StorTrack, we took a closer look at the market demographics to learn what made this facility an attractive…