Day: December 21, 2021

Nuveen Real Estate is acquiring 24Storage, the second largest self-storage operator in Sweden. Nuveen has acquired c.92.4% of 24Storage via unconditional share purchase agreements and the subsequent launch on 29 November 2021 of a mandatory public tender offer to acquire the remaining shares (and votes) to ultimately take 100% control of 24Storage, said Nuveen in a statement. The acquisition is based on a share price of SEK 76 per share, equating to an enterprise value of approximately SEK 2.1BN. 24Storage owns 26 assets and a further four assets under development.…

Self Storage Group ASA (Self Storage Group, OSE: SSG) has entered into an agreement to acquire a property in Molandsveien 339 in Arendal, Norway. The transaction has a value of NOK 7.1 million. The property has a potential lettable area of 850 square meters. The facility is projected to open in Q4 2022 and will be operated under the OK Minilager brand. “The property is located in Arendal, close to the E-18 highway. With this investment, we will strengthen our number one position in the City of Arendal, and the…