Author: Shinil

Self Storage Market of the Month: Milton Keynes, UK

StorTrack’s featured market this month is Milton Keynes, England. Milton Keynes is a city and the largest settlement in Buckinghamshire, England. Milton Keynes is among the most economically productive localities in the UK. It has the UK’s fifth-highest number of business startups per capita. It is home to several major national and international companies. How is Milton Keynes as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to look at some metrics to analyze its potential as a self-storage investment.…

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

  We are pleased to announce the acquisition of this property in Kristiansund. The property has a great location, close to the airport, and only a few kilometers from the city center. Following this acquisition, SSG will have two facilities in Kristiansund, and a total of 5 facilities in the Møre and Romsdal region. 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…

Self Storage Group ASA – Acquisition of landmark property in Malmö, Sweden

  We are pleased to announce this acquisition, which is our 2[nd] property acquisition in Malmö this year. The property has a central location with unique visibility from main roads. This acquisition is in line with our strategy to grow organically in the Swedish market. The property will give SSG a strong footprint in the Malmö, Sweden´s 3[rd] largest city” Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Lundavägen in Malmö, Sweden. The transaction has a value of SEK 39,8…

Self Storage Group ASA – Acquisition of property in Randers, Denmark

  We are pleased to announce this acquisition in Randers, Denmark´s 6[th] largest city. The property has a great location, just north of Randers city center. The property will be the 10[th] SSG freehold facility in Denmark, and our 2[nd] location in Randers. This acquisition is in line with our strategy to grow organically in the Danish market. There is a growing demand for our services, as urbanization and smaller living spaces cause an increasing need for external storage solutions” Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered…

Ready Steady Store Wins Feefo Platinum Trusted Service Award for the Third Consecutive Year

The Feefo Platinum Trusted Service Award is given out annually and requires businesses to maintain an average rating of 4.5 stars or above from their customer reviews over the past 12 months. Companies must also receive at least 50 reviews in that period for their score to be considered valid.” Self storage provider becomes the most trusted service provider in the industry Fast-growing self storage provider, Ready Steady Store, has been awarded the prestigious Feefo Platinum Trusted Service Award for a third consecutive year. Established in 2005, Ready Steady Store…

More Than 70,000 Sq Ft of New Energy Efficient Warehouse Space in Birmingham on the Way

Several of the units have already been pre-let to occupiers including self storage operator SureStore, which has taken the largest 17,222 sq ft building.” More than 70,000 sq ft of energy efficient warehouse and trade counter space is set to be created in a prime roadside location in Birmingham. Legal & General’s IPIF Fund and Prime Box have secured planning permission to deliver Prime Park on a 3.4-acre brownfield site off Hamstead Hill in Hamstead, just four miles north of Birmingham City Centre. Located next to a new Lidl superstore,…

Padlock Partners UK Fund III Completes Acquisition of Southend-On-Sea Self Storage Property

Padlock Partners UK Fund III (the “Trust”) announced today that it has successfully completed the acquisition of the freehold interest in the land and building at 53-57 Sutton Road, Southend-on-Sea, SS2 5PB, (the “Property”) in the United Kingdom for £4,404,500.” The Property is an existing four-storey building with expansion approvals for self storge in the busy seaside community of Southend-on-Sea, which is located 40 miles east of London with direct links to the city. The purchase and conversion to self storage present a unique prospect of being one of the…

Cinch Storage Opens Newbury Facility in Faraday Road

A brand new storage business opened its doors in Newbury this week. Cinch Self Storage opened its 12th UK facility in the town on Monday and the storage business provides more than 51,000 sq ft of lettable space to customers. Cinch’s Newbury facility is located in the former home of the Newbury Weekly News, at the end of Faraday Road in the London Road Industrial Estate. Co-founder of Cinch Storage Richard Owen said: “We are proud to be a part of the Newbury community, an area which has been underserved…

Vanguard Self Storage Opens New Storage Facility at Staples Corner

  The new Vanguard Storage location is well-positioned to serve Brent Cross, Wembley, Neasden, Golders Green, Cricklewood & Hendon. Family-run self storage company, Vanguard Storage, has announced the opening of a brand-new branch; its sixth store in London. Strategically situated at Staples Corner, the branch will serve customers in Brent Cross and surrounding areas, such as Wembley, Neasden and Golder Green.   We are very proud to be opening a flagship store at Staples Corner. We hope that, in time, the building will become a landmark of the North Circular…

Redefine Properties Enters Polish Self-Storage Market

  The Polish self storage industry is in its infancy, with a much lower penetration rate than in other European countries, according to the source. It’s expected to grow at a compound annual growth rate of more than 8% over the next three years” Redefine Properties, a South Africa-based real estate investment trust (REIT), is diversifying its portfolio by investing in self storage in Poland. The company is collaborating on the venture with strategic partner Griffin Capital Partners, an investment and asset manager that specializes in commercial, office and residential…