At about 84,000 sq ft, this freehold Landmark store would be its biggest to date when it opens. A grant from the planning committee for its updated planning permission at its freehold site in Cheshunt, Hertfordshire, has also been secured.” Self-storage company Lok’nStore has been buoyed by ‘excellent trading’ and outlined plans to expand its portfolio of sites. The company opened its new landmark freehold store in Peterborough on 27 June 2023, with the 46,000 sq ft site having a total project cost of £7.5m. Early trading at the recently-opened…
Author: Shinil
£37 Million Supports Acquisition of One of UK’s Largest Self Storage Providers
A £37million loan from OakNorth Bank has supported the acquisition of UK Storage Company, one of the UK’s largest independent self-storage providers. Founded in 2005 by Keith and Cathy Taylor, UK Storage Company opened its first site in Bridgwater, Somerset, with the site also being used as its headquarters. Its second site soon followed in Taunton, Somerset, and today, the business operates 28 stores across England. Totalling over 880,000 sq ft of storage space, all of UK Storage Company’s sites are fully automated, offering customers 24-hour access to their units…
New self Storage Facility Opens in Sidmouth
We’re very excited to bring a new self-storage facility to Sidmouth. We know from the removals arm of our business that there’s a strong demand for secure, dry and clean away-from-home storage. Our new units provide the perfect space for storing items during a house move or offer a longer-term solution when there isn’t enough space at home.” – Paddy Lee, Director of Potburys A new self-storage facility has opened in Sidmouth, offering residents a place to store belongings. The purpose-built storage facility occupies the old Potburys’ auction rooms on…
Padlock Partners UK Fund IV Files Final Prospectus and Sets Closing Date for Initial Public Offering
The Trust is an unincorporated investment trust and was established for the primary purpose of investing in a portfolio of income producing commercial real estate properties in the United Kingdom with a focus on self-storage properties. Following completion of the Offering, the Trust intends to indirectly acquire one existing self-storage property and two redevelopment properties, each located in the United Kingdom.” Padlock Partners UK Fund IV (the “Trust”) announced today that it has filed with the securities commissions or similar authorities in each of the provinces and territories of Canada,…
Self Storage Operator UK Storage Co. Ltd. Acquired by Investor Syndicate
After a rigorous sale process, we have no doubt that Davidson Kempner/Pithos Capital will continue to develop the company as the U.K.’s largest independent self-storage provider, and we look forward to following its progress.” – Cathy and Keith Taylor, UK Storage Co. Ltd An investor syndicate comprised of funds advised by Davidson Kempner Capital Management LP and Pithos Capital has acquired UK Storage Co. Ltd., which operates 28 freehold and leasehold self-storage facilities across the United Kingdom. The company’s portfolio comprises about 900,000 rentable square feet in 11,000 units, according…
South Wales-Based Storage Giant Celebrates Expansion with Opening of Fourteenth Facility
We are excited to expand and open our new facility in Nottingham, offering storage and office space to local individuals and businesses. This is our sixth store in the Midlands and represents our ambitious expansion plans to open more sites across the region including Stoke-on-Trent, Willenhall, Kidderminster and Witney.” – Simon Williams, CEO and founder – Storage Giant South Wales-based self-storage specialists, Storage Giant, is celebrating the opening of its fourteenth facility as the company continues to expand across the UK. The business, which is headquartered in Newport, has opened…
Self Storage Business Plans Set for Diss Car Park
The plans, which have been submitted to South Norfolk Council (SNC), would see 31 shipping containers placed on the site, 30 for storage and one double-height container which would be used as a facilities hub, including for CCTV.” A Diss car park is set to become a self-storage business after a fall in demand. Developers want to turn an old overflow car park in Gilray Road, next to Diss railway station, into shipping container storage. The plans, which have been submitted to South Norfolk Council (SNC), would see 31 shipping…
Big Yellow Self Storage Facility Set for Former Sainsbury’s Site
Work is progressing to build a Big Yellow self storage facility at the former Sainsbury’s supermarket site in Farnham Road. Slough Borough Council approved plans for a three-storey building featuring self storage units to replace the supermarket in April. The site has been vacant since Sainsbury’s closed its doors more than a year ago. The Big Yellow Group is seeking permission from the council to install seven illuminated advertising signs across the towering building. An application, submitted on behalf of the self storage firm, said: “The proposed signs will be…
Permission Granted for Self Storage Centre
Planning permission has been granted to create a self storage centre at a site in Cardiff. The application site concerns Tilcon Mortar Plant on Viking Place in Butetown. Previously, it was used for the storage of aggregates and materials, along with a cement batcher and associated conveyor, a weighbridge and ancillary offices. Proposed is a change of use to a self storage centre, which involves providing secure storage facilities for businesses and individuals, typically in standard shipping container units of a single colour, arranged in uniform rows. The site comprises…
Shurgard Self Storage S A: Opens New Building in Amsterdam Region (Diemen, the Netherlands)
Shurgard, the largest developer, owner and operator of self storage facilities in Europe is pleased to announce the opening of a new self storage building located in Amsterdam Diemen (Randstad), reinforcing its position as market leader in the Netherlands. This brand-new c. 4,500 sqm building is offering approximately 570 dry, clean and secure self storage units. The new facility will serve as the secondary building of an existing self storage property in the region (Diemen Treubweg). The combined size of the two buildings will comprise approximately 1,200 units and meet…