Author: Shinil

Flexiss Group and LGIM Introduce the UK’s First Fully Automated Self Storage Facility with No-Key Access System in York

Delighted to see the 12th SureStore open this April. With each new facility, Flexiss has evolved, and in York, they have brought both a specification that targets net-zero carbon in operation and a fully automated high-security system into a multi-purpose facility, in what he believes is the first of its kind in the UK.” – Paul Whittaker, Commercial Director at Flexiss York SureStore is truly a best-in-class facility, marking their second self-storage development to open in the last nine months. They are increasing their exposure to the sector with a…

Bangor Students Help Fuel Growth Of Denbigh-Based Storage Giant “Lock Stock Self Storage”

The new site will hold 110 storage units, painted in Lock Stock’s distinctive dark green livery, a mix of 10- and 20-footers and it takes the number of units at their three Bangor sites up to more than 250.” Students at a Welsh university city are helping fuel the growth of one of the UK’s biggest containerised self-storage companies. The demand for storage space, especially outside term time, is one of the reasons Denbigh-based Lock Stock Self-Storage has just opened its third storage park in Bangor. Enquiries from the university’s…

Self Storage Group ASA – Acquisition of property in Ålesund, Norway

  Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a land plot at Emblem in Ålesund, Norway. The transaction has a value of NOK 9 million and the land plot has a gross area of 3390 m2. The property is an existing OK Minilager leasehold with additional development potential. OK Minilager currently operate drive-up units on the property with a current lettable area of 700m2. With this acquisition we convert a profitable leasehold with stabilized occupancy into a freehold facility. This investment is…

Redefine Properties/Griffin Capital Joint Venture Acquires Majority Stake in Poland Self Storage Operator Stokado

The purchase gives the partnership a 51% stake in Stokado, though its control is expected to increase up to 75% by growing the brand’s footprint via 50 development projects over the next five years” A joint venture between South Africa-based real estate investment trust (REIT) Redefine Properties and Poland-based private-equity firm Griffin Capital Partners has acquired a majority stake in Stokado Self Storage, which operates 16 facilities in Poland. It’s the partnership’s first investment since announcing in February its intent to enter the Polish self storage market, according to the…

Self Storage Group ASA – Acquisition of property in Røyken, Norway

  We are pleased to announce the acquisition of this property in Røyken, 45 minutes south of Oslo. The population in the region is growing, and the supply of self storage in the area is limited. This acquisition is in line with our strategy to grow our freehold portfolio in selected markets. The demand for self storage is growing, and the demand has proven to be resilient during previous recessions. Especially urbanization and smaller living spaces are causing an increasing need for external storage solutions” Self Storage Group ASA (Self…

Stor-Age Property Reit Limited – Voluntary Announcement – Nuveen Joint Venture and Easistore Acquisition (UK)

We’ve built a strong foundation in the UK under the banner of our Storage King brand, which is enabling us to pursue significant growth on all fronts in a nimble manner. Our JV with Nuveen and the acquisition of Easistore demonstrate the strength, competitiveness and sophistication of our platform. The Easistore acquisition represents the third, four-store portfolio that Stor-Age has either acquired or part-acquired in the UK in the last 15 months. The current 35 properties either owned or managed and trading under the Storage King brand are scheduled to…

Shurgard Self Storage S A: Signs Purchase Agreement in Amsterdam North

  The future c. 5,400 sqm self storage property is set to open towards the end of 2024 and will become an extension of another Shurgard facility next door. It will offer approximately 750 self storage units to the nearby residential areas and business customers.” Shurgard Self Storage Ltd (“Shurgard”): Shurgard signs new purchase agreement in Amsterdam area (Randstad, The Netherlands) Shurgard, the largest developer, owner and operator of self storage facilities in Europe has signed a new land purchase agreement in the north of Amsterdam and expects to obtain…

Henfield Storage Providing Storage Services In London

  Henfield Storage offers multiple options for storage, making them the ideal choice for anyone moving overseas to London.” Wimbledon, London based Henfield Storage is helping their community choose the right storage facilities when moving overseas to London. Henfield Storage is itself a family-owned self storage company that operates as part of a successful business group that has been running for over 40 years. Anyone can get in touch to utilize the company’s London storage solutions. Ben Sutton Jones from Henfield Storage says, “Moving overseas can be a daunting task…

Rubery Family Business, Squab Storage, Scoops Regional Award

Squab is a true partner to our business – they are accessible, supportive and dependable with a ‘can do’ attitude.“We would have been unable to launch our business without the assistance, encouragement and belief of Squab.” A Midlands Business Centre and Self Storage company has received an award for excellence after being nominated by one of its tenants. Squab Storage, which is headquartered in Leamington with other branches in Rubery and Evesham was named as family business of the year at this year’s Midlands Service Excellence Awards. The company, led…

Stor-Age Boosted By Strong Rental Growth, Low Churn – With Five New Facilities Being Built

  In the UK, the group plans to develop five new properties, at a cost of £64 million (roughly R1.44 billion). This will add an estimated 270 000 square feet (about 25 110m2) in the gross lettable area to the portfolio.” Stor-Age, SA’s biggest self-storage property fund, says customer churn levels remain below pre-pandemic levels, while average rent climbed by 7.3% in South Africa, and more than 8% in the UK over the past year. Valued at about R5.9 billion on the JSE, Stor-Age’s portfolio comprised 86 self-storage properties across…