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 acquisition is in line with…

Heitman Expands Space Station Self Storage Platform

Heitman, a global real estate investment management firm, has acquired bof Squab Daventry, a self-storage asset located in the Midlands. The investment marks the second acquisition expanding Space Station, a UK self storage platform that a Heitman affiliate acquired in late 2020 and adds further density into a key target region of the country. As we continue to observe tangible economic recovery, we see significant opportunities within the self storage sector and more broadly alternative real estate, given their secular demand drivers and attractive risk profile.” The asset continues the…

European Self Storage Operator Shurgard Hits 250-Store Milestone

Shurgard Self Storage Europe SARL, the European affiliate of U.S.-based real estate investment trust Public Storage Inc., has reached its 250th location with the opening a facility in Argenteuil, a commune in the northwest suburbs of Paris. The eight-story building comprises 75,347 square feet in more than 1,100 units, according to a press release. We are thrilled to have opened our 250th property in Europe, especially in the Paris region, which is key to our expansion plan.” Shurgard has been ramping up its European expansion through acquisitions and development since…

StorageMart Acquires Two New Facilities in the UK

With the recent acquisition of two former CityStore properties in Aylesbury in Buckinghamshire and Dunstable in Bedfordshire, StorageMart extends its influence in the competitive UK market. These locations fit very nicely into our existing portfolio of assets and our Greater London strategy. We have had a banner year for performance of our existing UK portfolio, and expansion of our UK footprint makes a lot of sense for us at this time as a result.” The new UK locations are two of many in a series of acquisitions, joining recent US closings in Indiana, Iowa, and Maryland. With more acquisitions either planned…