Newport’s Storage Giant on Course for Major Expansion in 2021/22

Newport-based self storage specialists are on course to double in size over the next 2 years, having grown their occupancy rates during the pandemic. 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. We are well positioned and looking forward to opening new sites across the…

Wrexham Reopening for Self Storage Firm

A self storage company has re-opened one of its Wrexham storage parks after a £150,000 refurbishment. The work by Lock Stock Self Storage included an extension to its Whitegates facility, which has more than doubled its capacity to 130 units. We have seen incredible demand across all our sites across North Wales and in the borders where we have sites in Shrewsbury and Oswestry and much of it has been driven by the housing market as people look for storage ahead of moving home.” The outfits are already being snapped…

Big Yellow Group to Build in Epsom, England

U.K. self storage operator Big Yellow Group PLC is building a facility on a 0.8-acre site in Epsom, England, just south of London. The company purchased the property for £6.5 million. Once complete, the project will be 56,000 square feet. Big Yellow Group operates 101 self storage locations in the United Kingdom under the Big Yellow Self Storage and Armadillo Self Storage brand names, with most concentrated in Greater London and Southeast England. Source

Squab Group to Build Self Storage in Rubery, England

Squab Group, a family-operated storage company with three locations in England, is building a new location in Rubery, England. Hortons’ Estate Ltd. will construct the 15,000-square-foot facility in the Birmingham Great Park on Hollymoor Way. Expected to be complete this year, it’ll also offer offices for rent. Squab operates facilities in Daventry, Evesham and Leamington Spa. In addition to self storage, it provides business centers, conference rooms, document shredding, removals and van hire.

Europe/UK Self Storage Operator Safestore Releases Half-Year Fiscal 2021 Results

Self storage operator Safestore Holdings PLC, with locations in Europe and the United Kingdom, has released its interim financial statement for the first half of its 2021 fiscal year, which ended April 30. The company experienced growth in revenue and occupancy for most of its operating portfolio, according to its report. Total revenue for the period was up 10.5% to £88.1 million, with “like-for-like” growth for the group also up 8.3%, using constant exchange rate (CER). Same-store revenue grew 9.1% using CER. Profit before income tax was £167.3 million, up…

Shurgard Self Storage Europe to Convert Two Buildings in Paris

Shurgard Self Storage Europe SARL, the European affiliate of U.S.-based REIT Public Storage Inc., is converting two buildings in Paris to self storage. The first, northwest of Central Paris, will comprise 53,820 square feet in 800 units. The second, in southwest Paris, will have the same square footage in 750 units. Both are expected to be complete at the end of 2022. Shurgard operates 40 locations and has five other projects underway in Paris. The company offers 1.2 million net rentable square meters in seven countries. Source

Key Performance Indicators

While the self storage industry is growing, there is still room for facility owners to use data to improve facility performance. Before you can leverage your data, you need to know what it means and how to interpret it. Determining your Key Performance Indicators is your first step. Determining KPIs Looking at all your marketing data can be overwhelming and intimidating. Key Performance Indicators (KPIs) can help narrow your focus when looking at a large batch of data. These indicators can be anything from click-through rate to bounce rate. Looking…

Storable Wins Three ‘Best of Business’ Awards

Over the years, the businesses that formed Storable have learned the best way to innovate and constantly deliver the best products and services to the market. Every new product, every new capability and every investment seeks to fulfill the needs we hear from owners and operators like you. That is why these awards are more than bragging rights, they are validation from the market that Storable is listening and responding with products and services that do help self storage businesses grow. Storable won the following ISS Best of Business awards:…