Author: alison

Glasgow

Using the Market Discovery Data Tool from StorTrack’s MarketView Platform (MVP), we were able to view market data for Glasgow, the most populous city in Scotland and the fourth-most populous city in the UK. Despite strong population metrics, the city has only 1.07 square feet of storage per capita, nearly 70% less than the national average of 1.58. To view additional metrics and learn if this area presents a viable investment opportunity, visit the link labeled “Click Here to View Market Information“.

The Toy Project Partners with Attic Self Storage on Weekly Toy Collection Service for London’s Children in Need

The London based self storage company, Attic Self Storage, has partnered with the children’s charity, The Toy Project to run a weekly toy collection service across the UK’s capital to encourage families to donate their unwanted toys to children in need. The initiative has been stoked in a move to offer support to the 38 per cent of London’s children living in relative poverty and sees Attic encourage families to dig deep and help old toys find a new home with the children who need them the most. The self…

Construction Begins on Industrial Business Park

Work has now started on a 30,000 sq ft industrial and warehouse business park in Monks Cross, York. The MX Park features 11 industrial units, ranging from 1,925 sq ft to 3,550 sq ft in size, which are available to lease on flexible terms. Experience has shown us these types of units appeal to a wide range of businesses due to their flexible nature and the ability to install mezzanine floors. Monks Cross has been one of the most successful out-of-town developments in North Yorkshire over the past 20 years,…

Market of the Month: Milton Keynes

Using the Market Discovery Data Tool from StorTrack’s MarketView Platform (MVP), we were able to find Milton Keynes, the largest town in Buckinghamshire, England. With 12 stores in the city and one known development in the pipeline, investors considering entering Milton Keynes should evaluate the market’s tolerance for new supply diligently. To view additional metrics, visit the link labeled “Click Here to View Market Information“.

Storage Vault of Scotland to Accept Bitcoin for Self Storage Payments

Storage Vault Ltd. is now accepting Bitcoin as a form of payment from customers. The cryptocurrency will be acceptable in CoVault, the company’s flexible-workspace division, according to a press release. Storage Vault accepting Bitcoin as a payment option because of its benefits and to offer more payment choices for tenants. Company officials believe cryptocurrency will become more common in future. We are the first self storage and workspace business in the U.K. to accept Bitcoin.” Bitcoin was invented in 2008. It is not controlled by a bank or administrator. Rather,…

Austria Self Storage Operator Storebox Raises €52 Million to Expand Services, European Footprint

Storebox Holding GmbH, a Vienna-based self storage, warehousing and logistics startup, has raised €52 million in a Series B investment round to increase its presence and services across Europe. The company intends to expand its last-mile delivery capabilities by adding multi-functional warehouses for use by business and residential customers as well as to grow its franchise base, according to a press release. With this investment, we aim to open thousands of locations in Europe over the next few years and to become the market leader in micro-logistics hubs to provide,…

Heitman Raises $3.2 Billion for Three New Funds to Invest in Self Storage, Other Commercial Real Estate

Real estate investment firm Heitman LLC has raised $3.2 billion to launch three new funds that will seek commercial real estate investments focused on apartments, medical offices, senior and student housing, self storage and warehouses. It will also use funds to repurpose existing retail and office buildings as hospitality, mixed-use and residential properties, according to the source. Heitman Value Partners V will focus on North American opportunities, while Heitman Real Estate Debt Partners II and Heitman Global Real Estate Partners II will specialize in high-yield credit. Capital infusion came from…

Cracking Down on Criminals Who Target the Self Storage Industry

The Intellectual Property Office (IPO), National Trading Standards, London Trading Standards and the Self-Storage Association UK (SSAUK), have teamed up to launch a new code of practice. The initiative’s aim is to reduce the appeal of self storage facilities to criminals who deal in counterfeit and other illicit goods. ‘The Tick Box: Keep it Real Keep it Legal’ code of practice sets out a few simple procedures. The aim is to prevent the fraudulent storage of counterfeit and other illicit or unsafe goods. It also helps self storage facility owners…

UK Self-Storage Operator Lok’nStore Releases Pre-Close Financial Results for Fiscal 2021

U.K. self storage operator Lok’nStore Group PLC has released pre-close financial results for its 2021 fiscal year, which ended July 31. Self storage revenue increased 20.9% year over year, while physical occupancy across the portfolio grew from 69.6 percent to 85.8 percent. Total occupied space at year-end was up 35.3%, while leased price per square foot grew 8.7%, signaling expectations for continued revenue and profit growth, officials said. Lok’nStore has also remained active with development and believes new supply will contribute to future growth. “We have made significant progress on…