Author: Shinil

Self-Storage Giant Shurgard to buy UK’s Lok’nStore for £378 Million

Following several successful acquisitions over the past year, I am excited to disclose this new acquisition in the UK, which doubles our presence in the country, and accelerates our growth and expansion strategy.” –  Marc Oursin, Chief Executive – Shurgard The deal will add 43 sites in England and Wales to Shurgard’s portfolio, the business said. One of Europe’s biggest self-storage companies has offered £378 million to shareholders of London-listed Lok’nStore to buy it off the stock exchange. A deal which the two companies’ boards announced on Thursday would give…

Plans to Turn a Former Mill Site into a New Storage Business Have Re-Emerged in Bradford, England

Last year Twenty4 Secure Storage, which operates a large self-storage site in Leeds, submitted a planning application for a similar site in Bradford, on Factory Street, off Tong Street. The development would have seen numerous shipping containers installed on the site for self-storage purposes, as well as a section of land used as open storage. The site was once home to Ackroyd’s Mill, which was demolished after being damaged in a huge blaze in 2011. Highways officers raised concerns about the plans, and the application was withdrawn. Now the company…

Storex Self Storage Facility Set to Open in Watford – Hertfordshire, England

A new “fully automated” storage facility is set to open at the former Cottage Linen Factory in Watford. Storex Self Storage will launch at 3 Rhodes Way on April 13 offering a keyless way to store belongings using just an app and QR codes. The facility will be “very highly secured”, according to Storex manager Raja Johal, as each storage space is individually alarmed and customers will only be allowed to visit the level of their unit to prevent break-ins. Although staff will be on hand to help in the…

Application Submitted for a Self-Storage Site in Durham (England)

Plans to create a self-storage facility on the Tanfield Lea Industrial Estate North have been revealed. The Trustees of Forster Family Pension Fund wants to change the use of the site, to facilitate the sitting of 57 shipping containers for self-storage hire. New vehicular access to the site would be created as a result of the scheme. Currently, the land – located between Tanfield Engineering Systems to the west and the Classic Windows premises to the east – comprises open grassland. Each of the containers would be individually accessed from…

Family-Owned Greenlock Self Storage Facility Opens Near Newmarket (England)

A new self-storage company has opened a secure compound near Newmarket. Greenlock Self Storage is a family-owned business off the A11 between Six Mile Bottom and the Fourwentways junction, making it accessible from Newmarket, Haverhill, Cambridge and surrounding villages. It is a first business venture for 35-year-old Jamie Hamilton, who lives in Ashley with his wife and two-year-old son and previously worked on studs in Australia and Newmarket. The units will serve households and small businesses, providing convenient access to large storage containers in a safe and secure environment. It…

Padlock Partners UK Fund IV Completes Acquisition Of Self Storage Facility in Sidcup (England)

We are thrilled to announce the acquisition of the Sidcup property and our continued growth in Greater London,” said Padlock Capital Partners CEO John Stevenson. “We look forward to serving the community and providing an excellent service to the area.” – John Stevenson, CEO of Padlock Capital Partners  Padlock Partners UK Fund IV (the “Trust”) announced today that it has successfully completed the acquisition of a self-storage property located in Sidcup, United Kingdom (the “Sidcup Property”) for a purchase price of £10,400,000, which was satisfied by way of cash from…

SureStore Along With Legal & General (LGIM) Unveils 14th Self-Storage Facility in Stevenage, Hertfordshire (England)

Opening our third site to target net-zero carbon in operation in Stevenage is a testament to SureStore’s dedication to environmental responsibility. By repurposing a redundant building, we have reduced the embodied carbon required in constructing a state-of-the-art facility.” – Mike Wilson, co-founder of SureStore and Flexiss Industry-leading self-storage company SureStore, alongside its investment partner Legal & General Investment Management (LGIM) is excited to unveil its 14th self-storage facility, strategically located in Stevenage, Hertfordshire. This announcement marks another significant step in SureStore’s commitment to providing innovative and sustainable self-storage solutions across…

UK’s First Flat Pack Self-Storage System Launched as Industry Tops £1.08 Billion

Penn Elcom, the Sussex-headquartered British steel manufacturer, has announced the launch of the country’s first DIY self-storage system to allow smaller businesses and individuals to gain access to the booming sector. Called the 3S range, the new ground-breaking system has been developed to allow the user complete flexibility to create any-size unit, in locations that have no pre-existing self-storage capabilities. The self-assembly system, the first of its kind in the UK, is more than 30% cheaper than pre-made/established units and allows the installer to quickly erect units with minimal tools.…

Plans Submitted For New Self-Storage Development in Houghton-le-Spring (England)

Plans for a new ‘self-storage’ business on the outskirts of Sunderland have been submitted to the city council. The application, made by Linton DMC, is for land at Halliwell Street, near Brinkburn Crescent, in the Houghton ward. The plan is to change the use of the site to a self-storage facility, with up to 71 shipping containers. There are also plans to install lighting columns, CCTV and landscaping. The land was last used as a storage depot for Northern Gas Networks. The planning statement claims the self-storage business represents a…

Keepsafe Self Storage Submits Plans to Develop an Empty Site in Kirkcaldy (Scotland)

More than 120 storage containers could be placed on vacant land in Kirkcaldy if councillors approve a company’s plans to expand into town. Keepsafe Self Storage has submitted a planning application to develop an empty site on the corner of Hendry Road and Hayfield Industrial Estate. A subsidiary of Perth-based Castlecroft Group, it specialises in external self-storage units for both business and personal customers, and is eyeing up a move to the Lang Toun after successful launches in Dundee, Perth and Dunfermline. Keepsafe was the first to pioneer “drive-up” –…