Author: Shinil

Choosing Self Storage Management Software: What To Ask

Discover the key questions every operator should ask vendors when choosing self-storage management software, and why. Whether you’re starting out or looking to modernize, choosing the wrong software to run your self-storage business can be an incredibly costly mistake. The difference between the right and wrong decision is the difference between an efficient business set for success and one that is expensive to run, slow to adapt, and likely to struggle. Before making a decision, it is vitally important to understand the difference between modern solutions and older products on…

Shurgard Self Storage S A : Opens New Self Storage Property In Cologne

Shurgard Self Storage SA (“Shurgard”) – Shurgard opens new self-storage property in Cologne (Germany) LUXEMBOURG – Shurgard, the largest developer, owner and operator of self-storage facilities in Europe – is pleased to announce the recent opening of its new self-storage property in Cologne, located in the state of North-Rhine-Westphalia (NRW). This brand-new building is offering c. 5,700 net sqm of storage space in approximately 800 dry, clean and secure self-storage units spread over a ground floor and two upper floors. The facility is located in a well-visible and easily accessible…

Shurgard Self Storage S A : Opens New Self Storage Property In Paris Region Sartrouville

Shurgard Self Storage SA (“Shurgard”) – Shurgard opens new self-storage property in Sartrouville (Paris region) LUXEMBOURG – Shurgard, the largest developer, owner, and operator of self-storage facilities in Europe – is pleased to announce the opening of its new self-storage property in Sartrouville, located in the northwest of Paris. This converted building is offering c. 4,900 net sqm of storage space in approximately 800 dry, clean and secure self-storage units spread over several floors. The facility is located inside the “deux rives” area, a tight meander of the Seine river,…

Shurgard Acquisition In Chadwell Heath

Kemsley LLP is proud to announce Shurgard’s latest site acquisition for a self-storage facility in, Chadwell Heath, East London. The 1-acre site was acquired directly from Emerson Crane Hire, the former owners, and planning was obtained to provide for a six-storey self-storage facility fronting Freshwater Road. Kemsley was instrumental in sourcing this off-market site which takes Shurgard’s existing UK estate to 42 stores. Having successfully completed this purchase, we are keen to acquire more for Shurgard across North East and North West London, whereas Lookout Development Partnership is also fully…

Further Growth Expected In European Self-Storage Sector

UK remains the market leader in terms of stock, however European stock levels have increased by 75% over the past five year. Average rent per square metre in Europe is €290 per sq m per annum, up 7.9% from last year. Commercial customers have increased from 24% in 2019 to 29% in 2022 A new report from the Federation of European Self Storage Associations (FEDESSA) and global real estate advisor, CBRE, has indicated that continued growth is expected in the European self-storage sector, following a record breaking 12 months for…

Self Storage Group ASA – Acquisition Of Property In Kristiansand, Norway

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Fidjemoen in Kristiansand, Norway. The transaction has a value of NOK 19 million and the property has a potential lettable area of 2300 square meters. The facility is projected to open in Q2 2023 and will be operated under the City Self Storage brand. “We are pleased to announce the acquisition of this property in Fidjemoen, just west of Kristiansand. SSG already has one development project east of Kristiansand. With two City…

New Self-Storage Facility Opens In Swindon

Cubic Storage has set up a Swindon facility in the former home of Handy Garden Machinery near Hobley Drive. It provides a safe space for people and businesses to store their belongings, whether it’s a few bits and pieces or the contents of an entire house, with 24-hour CCTV monitoring on-site. There are unit sizes of nine, 15, 25, 35, 50, 75, 100, 125, 150, 200, and 250 sq ft available. A spokesman said: “You can discover a range of modern storage units to suit all of your needs. Whether…

Squab Storage To Create £3.5 Million Suffolk Centre In ‘Growth Hotspot’

A business centre and self-storage company are set to launch a new 32,000sq ft facility in Stowmarket as it broadens out from its Midlands base. Squab Storage says the £3.5m building at Atex Business Park, off Gun Cotton Way, could be home to more than 100 small and growing businesses. The company – which is based in Warwickshire – currently has centres in Leamington, Evesham and Rubery in the West Midlands and houses more than 200 businesses across the three sites. Work has already started on its state-of-the-art building in…

Cinch Storage To Open In Watford At Former Mothercare HQ

A part of Mothercare’s former headquarters in Watford has been acquired in a £9m purchase. Mothercare announced in 2020 that it would be vacating its headquarters in Cherry Tree Road, near the Dome roundabout, as part of a cost-cutting exercise. The retailer’s former 34,000sq ft warehouse has been now purchased by Cinch Self Storage and Padlock Partners UK Fund III. There are plans to renovate the “incredibly desirable location” into a “first-class” self-storage site in 2023. Richard Owen, director at Cinch Storage, said: “The unit provided us with a unique…

Padlock Partners UK Fund III Completes Acquisition Of Woking 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 existing building at Forsyth Road, Sheerwater, Woking, Surrey GU21 5SB in the United Kingdom for £6,400,000. The purchase price was satisfied by way of cash from the proceeds of the Trust’s initial public offering. The Trust intends to convert and expand the existing warehouse into approximately 63,000 net rentable square feet of Class A self-storage space across 4 internal floors. The property is located in the…