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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…

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

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Lundevegen 10 in Vennesla, Norway. The transaction has a value of NOK 6.2 million. The property has a potential lettable area of 800 square meters. The facility is projected to open in Q3 2022 and will be operated under the OK Minilager brand. “The property is located in Vennesla, 20 minutes from Kristiansand. With this investment OK Minilager will exceed 10 facilities in the county of Agder, strengthening our number one position…

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

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Deliveien 21 in Vestby, Norway. The transaction has a value of NOK 15.6 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. “The property is located in Vestby in Follo, 30 minutes from Oslo. The population in the region is growing, and the supply of self-storage in the area is limited.…

Self Storage Group ASA – Acquisition Of Property In Halden

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Sørliveien 84 in Halden, Norway. The transaction has a property value of NOK 8 million, with an estimated lettable area of 1400 square meters. The transaction is expected to be closed during the 1st quarter of 2022. The property is a section in the same building where SSG owns and operates an existing facility under the City Self Storage brand. “With this acquisition SSG will get ownership of the whole building, enabling…

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

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Nordslettvegen 4 B in Trondheim, Norway. The transaction has a value of NOK 17 million. The property has a potential lettable area of 1550 square meters. The facility is projected to open in Q2 2023 and will be operated under the OK Minilager brand. “The property is located in Fossegrenda, just south of Trondheim City center. This is a central location, close to major residential and student housing areas in Trondheim. With…

Shurgard Bows To TIAA / T-C Storage In Bid For Sweden Self-Storage Operator 24Storage

Shurgard Self Storage withdrew its offer to purchase 24Storage after financial-services firm Teachers Insurance Annuity Association of America (TIAA) increased its bid to SEK 76 per share. TIAA, bidding through Sweden affiliate T-C Storage BidCo AB, initially offered SEK 62 per share on November 8th before Shurgard made a larger offer. T-C Storage has agreed to buy 92.38% of 24Storage outstanding shares and set an acceptance deadline of December 13th, according to a press release. “The offer from TIAA validates Shurgard’s interest in 24Storage and underpins the strong investor interest…

SREF Appoints Flexiss To Manage 230,000 Sq Ft Self-Storage Portfolio

Schroder UK Real Estate Fund (SREF) has instructed industry storage specialist, Flexiss as the new asset manager for its 230,000 Sq Ft self-storage portfolio of five assets around London. Flexiss will manage SREF’s portfolio of self-storage assets which are all located around outer London and the M25, and operates under SREF’s specialist brand name the Self Storage Company, as the fund seeks to further grow rental income and investment returns. SREF was amongst the first investors entering this alternative market when it acquired the Self Storage Company brand and its…

MCR Property Continue Scottish Expansion With £6m Refurb Contract

MCR Property Group has acquired its second multi-let business complex in Scotland as it continues its drive to expand rapidly north of the border. The property developer is investing £6 million in the Pentagon Business Centre, to create a modern, comfortable home for well over a hundred businesses. MCR Property chose to retain all staff in place and created ten additional job roles. The historic six-storey building at 36 Washington Street overlooks the River Clyde and sits at the heart of Glasgow’s financial district. It was constructed over 120 years…

LondonMetric Property Acquires Two Logistics Properties For GBP136m

LondonMetric Property (LondonMetric) has acquired two logistics warehouses for GBP135.6 million in separate transactions, reflecting a blended NIY of 4.2 per cent and a reversionary yield of 4.8 per cent. The properties generate a rent of GBP6.0 million pa with 100 per cent of the income benefiting from RPI linked rent reviews. The warehouses have a WAULT of 22 years and comprise: • c700,000 sq ft, acquired for GBP97.0 million at a NIY of 4.0 per cent and let to a high quality occupier for another 23 years at a…

blue self storage is the New Name of Cardiff Self Storage Ahead of Expansion

Formerly known as Cardiff Self Storage, the 31 year-old company rebranded as blue self storage this week to reflect its new sites in locations beyond the Welsh capital as it rolls into a new era of smart & affordable storage across Wales. Chris Bryan, Commercial Manager at blue self storage said: “Owing to the ever-increasing demand for affordable self storage, especially from local businesses, we’re incredibly excited to be changing our name to blue self storage, to accommodate the demand and facilitate our upcoming national expansion. Our loyal customers – many of whom…