Author: Shinil

Farm Storage Business To Expand Despite Wildlife Concerns

A farm next to fenland in Barnham Broom will be allowed to expand its storage container business in response to an increase in demand. Barn Own Farm will be allowed another 54 self-storage units on its property, bringing the total number to 129. A planning application submitted by the farm, located off Bell Road, said the containers were needed to meet demand. Three neighbours raised concerns about the plans, which they feared would harm wildlife at the fen, and raised concerns about the visual impact. However, these were dismissed by…

Preston Church Plans To Convert Part Of Its Building Into A Retail And Storage Facility

The Potters House church off Garstang Road has plans to convert part of its building into a retail and self-storage facility. The planning application for a change of use of the first floor from place of worship (Class F1) to retail/storage (Class E/Class B8) at 21 Garstang Road was registered on August 3, 2022, to Preston City Council. Pastor Colin Mclaren said: “The ground floor of the premises is currently used for selling paint & decorating equipment. The first floor is currently used for our church D1.” The proposed hours…

Shurgard Self Storage SA : Signs A Land Purchase Agreement In Dusseldorf Region

Shurgard Self Storage SA (“Shurgard”) – Shurgard signs a land purchase agreement in the Dusseldorf region (Germany) LUXEMBOURG – Shurgard, the largest developer, owner, and operator of self-storage centers in Europe – has signed a land purchase agreement in the Dusseldorf region and is expecting to receive a building permit for a new storage facility in the coming months. This future c.5,800 sqm self-storage property is set to open in 2024 and will offer c.750 self-storage units to the Dusseldorf area. Shurgard continues to grow its development pipeline in Germany…

Intriva Capital Launches SpaceGenie Drive-Up Self-Storage In Germany

Intriva Capital, an independent alternative asset manager, has launched SpaceGenie, which will offer drive-up self-storage services in Germany. The company plans to build and operate more than 50 facilities comprising 2.6 million square feet, creating one of the largest platforms of its kind in the country, according to a press release. Intriva has already acquired land for its first location, with the goal of purchasing 10 sites this year in the Rhine-Neckar Metropolitan Region. In addition, Juergen Hobrecker, senior asset manager for Intriva, will become head of business development for…

Lok’nStore FY Self-Storage Revenues Up 17.3% YOY

Lok’nStore said on Monday that full-year self-storage revenues had risen 17.3% year-on-year, following “unprecedented occupancy” and pricing gains in the previous year. The AIM-listed firm said same-store self-storage revenue was up 24.9% on the previous year, while the price per square foot of occupied space had increased 13.0%, driven by continued strong demand for self-storage and good occupancy levels. Lok’nStore stated occupancy as a percentage of the lettable area was 80.3% at the end of the period, compared to 85.8% last year, as the group added more space in its…

Shipping Container Company Expands Into South Shields Offering Self-Storage Options For Customers

North East shipping container company expands into South Tyneside as it opens a self-storage unit. Parsons Containers Group has opened a new U Hold The Key self-storage site in an industrial site on Wilson Street, South Shields. The new unit in South Shields will allow the company to meet the increasing demand for container self-storage from businesses and customers in the area. The new U Hold The Key site, which is almost 0.75 acres in size, has the capacity for around 100 self-storage containers ranging in size from 6ft mini,…

Moorfield And Peloton In Debut Acquisition For £100 Million Open Storage Joint Venture

Peloton Real Estate and Moorfield Group, the UK-focused real estate investment manager, have formed a joint venture to put together an initial £100m portfolio of open and outdoor storage assets throughout the UK. The JV has made its first investment with the purchase of an 11.4-acre site in Garston, Liverpool, for £4m. The open storage strategy will focus on assembling a geographically and occupationally diverse portfolio of sites, with the aim of generating a secure income profile, while adding value through active asset management initiatives. Moorfield is the majority investor…

Heitman Invests In Irish Self-Storage Platform U Store It

Global Real Estate Investment Firm Heitman has invested an undisclosed amount in an Irish self-storage business. Heitman said it has invested in U Store It and plans to help expand the self-storage platform across Ireland and Northern Ireland. U Store It has six locations across four cities: Dublin, Belfast, Cork, and Waterford, and has plans to develop two additional sites in Dublin and Belfast. Caleb Mercer, Heitman’s managing director of European real estate Investment, said: “We are pleased to invest in the U Store It platform and to work with…

Global Business Awards Success For Storage Giant

Newport-based self-storage specialists, Storage Giant is celebrating wins in two categories of the Global Business Awards 2022 – Most Outstanding Commercial & Domestic Self-Storage Facilities 2022 in England & Wales and Small Business of the Year 2022 in South Wales. The firm started life as a single-facility concern in Newport at the height of the recession, and it is now the largest independent self-storage firm in the UK, with facilities in Newport, Cardiff, Cwmbran, Swansea, Llanelli, The Midlands, and the M4 corridor. Simon Williams, Storage Giant MD, said: “This accolade…

Shurgard Self Storage SA : Obtains A Building Permit In Amsterdam Region

Shurgard Self Storage SA (“Shurgard”) – Shurgard obtains a building permit for a self-storage property in the Amsterdam region. LUXEMBOURG – Shurgard, the largest developer, owner, and operator of self-storage centers in Europe – has received a building permit for a new storage facility in Diemen Visseringweg (Amsterdam region, Randstad, the Netherlands). The new c.4,000 sqm building will offer over 550 self-storage units to the nearby residential areas and business customers. It is set to open in the first half of 2023. Shurgard has another three properties in its organic…