Author: Shinil

Padlock Partners UK Fund IV Completes Acquisition Of Chippenham Property

We are excited to announce the acquisition of the Chippenham property as we continue to expand our portfolio in the United Kingdom. We look forward to serving the residents and businesses in such a great community,” – John Stevenson, Chief Executive Officer – Padlock Capital Partners Padlock Partners UK Fund IV (the “Trust”) announced today that it has successfully completed the acquisition of a development property located in Chippenham, United Kingdom (the “Chippenham Property”) for purchase price of £1,750,000, which was satisfied by way of cash from the proceeds of…

Big Yellow Wins Planning Appeal For Site in Wapping, East London

Big Yellow will spend GBP 36 million on construction costs, and it expects a 9% Net Operating Income on total capital deployed of GBP 56 million.” Big Yellow Group PLC – Surrey, England-based self-storage facilities operator – Wins planning consent on appeal for a mixed-use site in Wapping, east London. The approval allows the development of a 132,000-square-foot self-storage center and 114 residential flats. Big Yellow says demolition of existing buildings on the site will start “shortly”. It will spend GBP 36 million on construction costs, and it expects a…

Shurgard Signs New Storage Facility Purchase Agreement in London

Shurgard – the largest developer, owner and operator of self-storage facilities in Europe – has signed a conditional purchase agreement in South-East London and is expected to receive a building permit for a new storage facility in the coming months. The future c. 6,400 sqm freehold self-storage facility will offer approximately 1,000 clean and secure self-storage units and is set to open in 2025. The site benefits from good access from main roads, ensuring fantastic visibility and high exposure to passing traffic. It is located in a residential area with…

Squab Storage Opens its New Facility in Stowmarket, Suffolk

  A new £3.5 million self-storage and business complex has officially opened. Squab Storage has opened its new 32,000 sq ft complex based in Atex Business Park in Stowmarket. Squab centres offer storage for companies and individuals – but also act as ‘hubs’ for companies in a range of sectors through its Squab workspace service. The company says this offers flexible accommodation to support growth, amenities, and on-site business support services. Squab currently has centres in Leamington, Evesham and Rubery in the West Midlands which are home to more than…

Plans for Large Self Storage Facility in Kilkenny, Ireland

Plans have been submitted by Moonshell Ltd (trading as Store4U) to develop a site at Hebron Business Park as a self-storage facility. The development is planned to consist of 84 containers for self-storage purposes with the provision of ten parking spaces. Also sought is permission for the replacement of the existing entrance gate with an electric gate controlling access to the site and the provision of signage and all associated site works for a period of ten years. Development Address: Sites 21 & 22, Hebron Business Park, Leggetsrath West, Kilkenny.…

Lok’nStore Group Revenue Growth – Plans Self Storage Expansion in the UK

An additional uplift was provided by the opening of two new stores in Bedford and Peterborough, which the group noted had seen ‘very good’ early trading and took the size of its total estate to 42.” Lok’nStore Group ended the last financial year on a high after revenue growth in the second half of the period surpassed forecasts. The warehouse space provider’s total self-storage turnover expanded by 5.3 percent for the 12 months ending July, with sales in the latter six months increasing ‘slightly ahead of expectations at 11.2 percent.…

Gloucester’s former Cineworld at Peel Centre (Stockport) will be turned into a Self Storage

It has been a long time since cinemagoers munched on popcorn and watched the latest blockbuster films at the former Cineworld in Gloucester. And now the old cinema at the Peel Centre will get a new lease of life as a self-storage site. Nicholas Ryder has been granted permission by Gloucester City Council to change the use of the building from a cinema to a self-storage class with a sales and reception area. The building will use the existing hardscaping arrangement including car parking and will be accessible by customers…

Big Bull Self Storage in Highbridge, County of Somerset, Submits Expansion Plans

A Highbridge self-storage business has applied for permission to install a second tier of containers to meet “strong local demand” for its services. Big Bull Self Storage opened at Isleport Business Park last year after being given the green light to use the site for storage and distribution purposes.  However, a condition of the planning consent was that the “storage containers shall be a single storey only and not stacked upon one another”. The company is now seeking permission to expand so it can serve more local people and businesses…

Cuboid Self Storage Expands UK Container-Storage Portfolio in Partnership with FI Real Estate Management

Cuboid Self-Storage, which operates six container self-storage facilities in the United Kingdom, is expanding its portfolio by adding new locations and increasing its quantity of containers. The company is partnering with property-management firm FI Real Estate Management to identify sites for 13 new facilities, according to a press release. “We started to expand Cuboid in June 2022, and now our six current sites are fully [rented]. We’re seeing increasing numbers of inquiries for both private and commercial use. The growth in online retail is driving both, with requirements from retailers…

Former PC World in Stevenage Set to Become Storage Facility

The unit, next to Halfords in Roebuck Retail Park, has lain empty for a number of years. But it will be given a new lease of life when Sure Store, a storage company for individuals and businesses, moves in later this year. Stevenage Borough Council recently gave planning permission for the company to install its signage on the existing shopfront. The plans date back to 2021, when an application for the redevelopment of Roebuck Retail Park proposed that Sure Store could move into the vacant unit. A planning statement submitted…