New Self-Storage Operator StoreAway Secures £16 Million In Investment As It Builds Nationwide Portfolio

New self-storage market entrant StoreAway has secured a total of more than £16 million in investments just weeks after the launch of its flagship Liverpool site. Established by a team of self-storage management and property experts, the brand offers flexible storage space in city centres and urban settings by repurposing unoccupied retail and leisure outlets on some of the UK’s most well-known high streets. Despite still being in its infancy, StoreAway has captured the eyes and investment of Redevco, Legal & General, and Nash Business Capital, meaning it will now…

First-Rate Commercial Facility In Polmadie Nears Completion

CoVault Workspace, a Scottish self-storage, and flexible workspace company are in the final stages of development for its newest branch in Polmadie, Glasgow. The brand-new property is located on Polmadie Road, less than 15 minutes outside of Glasgow’s City Centre. Set in the heart of a rapidly-developing business hub, CoVault Polmadie is adjacent to M74 Junction 1A and is neighboured by Starbucks, Riteway Autocare, and IONITY electric charging stations – as well as a range of retail and dining establishments. With a total workspace area of over 5700 sq ft…

Shurgard Signs A New Purchase Agreement In The Netherlands

Shurgard, the largest developer, owner, and operator of self-storage centers in Europe – is purchasing a building located northeast of Utrecht province (The Netherlands). This new deal comes shortly after Shurgard secured a long-term lease agreement in the Amsterdam area and further highlights the Company’s expansion plan in the market. The future c. 3,100 sqm self-storage property is set to open in 2023 and will offer approximately 450 self-storage units to the area. It will also complement nicely one of our stores in the direct vicinity of that new property.…

Storage Unit Business Store & Secure Opens New Site In Poole

A Self-storage business has opened a large third site in Poole. Lucy and Sophie Maidman, the sisters behind Store & Secure, have opened the facility in Hamworthy and named it after their mother, who lived in the area for her whole life. The three-storey, 40,000sqft bright yellow building includes serviced offices and more than 500 storage units, including containers outside. Store & Secure already has large sites in Bournemouth and Basingstoke. The new base is named Joyce House after the sisters’ mother Joyce Maidman, who died in 2020. It is…

Self-Storage Firm Takes Over Former Next Store

A self-storage company is taking space at the former Next store in Liverpool city centre as part of a UK-wide expansion. Tony McDonough reports. Self-storage brand StoreAway is opening a new self-storage centre in the former Next store in Liverpool city centre. StoreAway’s move into a 40,000 sq ft space at the Church Street site is part of a nationwide expansion plan by the business which aims to transform around 250,000 sq ft of redundant retail space. It will open in Liverpool in early May. It has been founded by…

York Storage Firm Applies For Expansion

A successful York storage company is seeking to expand, as well as install solar panels on its roof. Go Store in Monks Cross Drive, Huntington, has applied to the City of York Council to extend its existing 1,452m2 premises by 163.5m2, as well as erect ten self-storage units totaling 102m2. The planning application said the extension would look similar to the existing building. It added: “The Go Store unit has been in operation two years. The impetus for this application has arisen from the existing business and the rising demand…

Cumbria Storage Solutions Opens In Workington

A NEW storage facility will open in Workington, allowing people to store caravans as ‘staycations’ boom in the UK. Cumbria Storage Solutions has unveiled a new storage facility on an industrial estate in the town. The company has taken over premises at Unit 6 Lowther Road, Clay Flatts following extensive renovation works including the installation of self-storage units within the main building. The business also operates Cumbria Caravan Storage within the secured compound adjacent to the self-storage facility. Located within close proximity to the town centre and a 10-minute walking…

MCS Group Completes Self-Storage Facilities

Main contractor MCS Group has completed two facilities for a major self-storage specialist. The company has provided units at Winwick Road, Warrington, and Pantheon Park, Wolverhampton, on behalf of Lok’nStore. Lok’nStore, which was established in 1995, is expanding across the country and has recently launched facilities at locations such as Ipswich, Hemel Hempstead, Leicester, Gloucester, Gillingham, Wellingborough, and Salford. Keir Edmonds, group managing director at MCS Group, said: “Our teams worked wonders to complete these Lok’nStore developments in Wolverhampton and Warrington within just a couple of weeks of each other.…

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

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement with Mittegetlokale AS to acquire a property under development in Porsgrunn, Norway. The transaction has a value of NOK 17.8 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. “We are pleased to announce this acquisition in Porsgrunn. SSG recently announced the acquisition of a property in Skien, and with this investment in Porsgrunn, we…

Arrow To Develop €20m Industrial Park In Ludwigsfelde, Germany

Arrow Capital Partners has acquired a 24,581 sqm commercial and industrial site in Ludwigsfelde, southwest of Berlin, to develop into a modern industrial park with a gross development value of ca. €20 million. This deal together with the recent acquisition of a brownfield site in the industrial harbour of Bremen highlight an expansion of the group’s broader European urban logistics development portfolio, which includes around €150 million of projects in Germany and €1 billion across the rest of Europe in the UK, Netherlands, Poland, Germany, Spain, and Italy. Commenting on…