Author: Shinil

Stor-Age continues To Trade Resiliently In SA And The UK

Stor-Age, South Africa’s leading and largest self-storage property fund, continued to deliver robust operating performance for the first five months of its 2023 financial year, as well as the 12-month trading period ending August 31, 2022. Across the portfolio of 85 trading properties in South Africa and the UK, Stor-Age delivered growth in occupied space of 57 600m² year-on-year. Increases in the average rental rate of 6.7% were achieved in South Africa and 10.8% in the UK. In South Africa, totally occupied space, including new developments and acquired trading properties,…

Self-Storage Firm Eyes Growth With Acquisition

A South East self-storage provider is set for further growth following the acquisition of a local competitor, with the support of a seven-figure finance package from Lloyds Bank. Cinch Self Storage is now set to operate the three new locations – formerly owned by PD Self Storage – in Gillingham, Sittingbourne and Mitcham. The acquisition caps off a period of significant growth for the business, with the trio of sites taking the total number of trading locations to 12. This figure – along with the company’s headcount of nearly 40…

Another Flintshire Self-Storage Site To Open In Buckley

One of the UK’s biggest containerised self-storage companies is opening a new site in Buckley. It will be Lock Stock Self-Storage’s seventh site in Flintshire, and their 25th storage park across North Wales and the borders. The new Buckley site is on Globe Way, on the town’s Spencer Industrial Estate, where they are in the process of installing 120 storage units, adding to their existing sites in Sandycroft, Saltney, Mold, and Flint. The new 10 and 20-foot units, in their distinctive dark green livery, are being trucked onto the new…

1Box Self Storage – A Volta Global Company – Acquires Kubox And Kubox Home Delivery, Further Strengthening Its Leadership In The Netherlands

Landmark Acquisition Expands the 1Box Portfolio to 28 Self-Storage Facilities Across the Netherlands, With an Eye for Further Growth. 1Box Self Storage, the Dutch affiliate of Volta Global’s 1Box Group self-storage platform in Europe, has completed the acquisition of Kubox, another leading self-storage operator in the Netherlands. This acquisition brings the 1Box Self Storage portfolio to a total of 28 operational facilities in the Netherlands and cements 1Box as a leading brand in the industry. “The Kubox acquisition is a major strategic milestone for 1Box that was years in the…

Sale Of Killian Hill Storage, Lilburn, Georgia, Sold By Midcoast Properties, Inc.

Midcoast Properties, Inc. announces the recent sale of Killian Hill Storage, located in Lilburn, Georgia. Midcoast Properties represented the Seller, with Dale C. Eisenman, CCIM as the lead broker. The facility was sold to a regional investment company. Killian Hill Storage, 4139 Five Forks Trickum Rd. SW is situated on 2.06 +/- acres, currently featuring 27,970 +/- rentable square feet. The fenced facility is comprised of 10 self-storage buildings with 200 standard non-climate units plus parking and boasts over 90% occupancy. Amenities include perimeter fencing, gated keypad entry, ample lighting,…

StorageWise – Self Storage Experts

Established in 1915, Limerick Self Storage is a 4th generation family-operated business and one of Ireland’s longest-running logistics and storage businesses. Originally called ‘Limerick Carting Company’ and founded by William Hickey, the business has a deep-rooted history and expertise in transporting and storing goods for Limerick families and businesses for over 100 years. A key success for the business has been its ability to adapt and change to market demands, where today Limerick Self Storage provides a premium self-storage facility located on the Dock Road Limerick that is both secure…

Safestore Expects Annual Earnings Rise Following Strong Third Quarter

Safestore Holdings PLC on Thursday said it expects to meet management guidance for its annual performance, following a strong third quarter from all businesses. For the three months that ended July 31, the self-storage space provider said revenue rose 15% to £54.7 million from £47.6 million the same period a year before. In the UK, Safestore’s revenue grew 12% year-on-year to £41.3 million, as the average storage rate rose 16% to £28.50. The smaller Paris business reported a 5.7% rise in revenue at £12.3 million, as the average storage rate…

Plans Approved For Development On Amble Industrial Estate

Plans for 19 container storage units on the Coquet Enterprise Park in Amble have been approved. North East Self Storage has been granted planning permission for the development on land currently used for open storage near the Southmead housing development. Each unit would provide 36sqm of floor space, 684sqm overall. They would have a steel-clad roof and concrete blockwork walls. The storage containers would be retained on the southern part of the site, with the number of containers reduced to 13. There were no objections to the proposal. James Hudson,…

Big Yellow Snaps Up Freehold Interest In Oxfordshire Site

Self-storage facilities operator Big Yellow Group said on Tuesday that it had acquired a freehold interest in a 1.8-acre site in Oxfordshire. Big Yellow stated it spent £13.5m on the asset – a site which it has traded for over two decades. The FTSE 250-listed firm added that the site includes two separately let buildings, which will provide vacant possession in 2030 and the opportunity to intensify use. Chief executive Jim Gibson said: “We have traded from this location for 23 years, and this continues our strategy of acquiring freehold…

Expansion For Century-Old Derby Storage Firm

Storage business B E Webbe has announced the biggest expansion in its 100-year history, with two new premises. A storage business has announced the biggest expansion in its 100-year history, with two new premises. B E Webbe have opened its second site in Derby and acquired £900,000 premises in Colwick, Nottingham, which will become its eighth self-storage depot. The 45,000 sq ft Derby depot in Alfreton Road will support the existing facility at the head office in Mansfield Road and double the capacity of its Derby self-storage units. The Colwick…