Author: Shinil

Big Yellow gets Green Light For Development In Staines

Big Yellow Group PLC on Tuesday said it has received planning consent for a new site in Staines, southeast England. The self-storage company had exchanged contracts to acquire the site back in December 2020. The Surrey-based firm has received planning permission for a 65,000-square-foot store at the site. “In addition, consent was received to develop 9 industrial units totaling 99,000 sq ft,” Big Yellow added. The site has “excellent access” to Heathrow Airport and the M25 motorway, which encircles London, Big Yellow said in January 2021. “The GBP44.6 million development…

Padlock Partners UK Fund II Announces Closing Of UK Debt Financing

Padlock Partners UK Fund II (the “Trust”) announced today that it has closed a £16,015,750.65 Senior Secured Term Loan Facility (the “Facility”). The Facility is solely secured by a first, fixed legal mortgage over the properties. The Facility includes a fixed interest rate of 9.3% per annum and a 2-year maturity, prepayable immediately with no penalty. An initial drawdown of £3,868,710.91 was used to fund the current development and working capital requirements of the Trust. Further drawdowns will be used to provide funding for future development and additional acquisition(s). The…

Scottish Based Kangaroo Self Storage Acquires Carlisle Storage Site

A Scottish-based business has recently expanded by acquiring a new storage site in Carlisle. Kangaroo Self Storage has now possessed the Carlisle site of Box Clever Cumbria Limited. Within a short space of time, the Carlisle site will be rebranded to Kangaroo Self Storage Carlisle. Chris Stevens, CEO of Kangaroo Self Storage, said: “I am really pleased to have found a like-minded business in Box Clever Cumbria Limited, and the addition of Carlisle as a location makes strategic sense to our existing portfolio of storage centres. “The Carlisle store’s highly…

Lindsey Self Storage Group Brokers The Sale Of Grand Sud Box (France) To Europa Storage Group

Europa Storage Group (ESG), a subsidiary of Volta Global, is a pan-European storage platform that acquires, builds, invests, and operates high-quality, durable self-storage businesses, is pleased to announce the purchase of Grand Sud Box, located in the Six-Fours-les-Plages, France. Drawing on the group’s prior self-storage acquisition and development experience in the United States, and with permanent capital funding from Volta Global, Europa Storage Group has become a leading self-storage operator throughout Europe. This transaction was facilitated by John Lindsey and Pieter Ligtvoet, of Lindsey Self Storage Group – A firm…

Basildon Toys R Us Building To Be Brought Back Into Use

Plans to bring Basildon’s empty Toys R Us back into use after nearly four years have been approved. Toys R Us had occupied the shop in Southernhay since 1985 before leaving four years ago after the firm went out of business. Now the vacant shop is set to become an “urban” storage facility called Storeaway following a successful change of use planning application submitted by Away Cheltenham. The new facility will largely serve residents in the town and businesses who need space for archiving, additional stock room space, furniture, and…

The Store Room Submits Plans For A New, Modern & Sustainable Self Storage Facility At Peterborough One Retail Park

The plans for the new facility include state-of-the-art self-storage units for local business and domestic use, as well as high-quality office and co-working space. The Store Room’s new development at Peterborough One Retail Park is due to be completed in 2023 and will not only meet the growing demand for self-storage but also offer flexible co-working solutions to support the local business community. This new facility is part of the wider development at the Peterborough One Retail Park, following the addition of the new Aldi store, which opened in June…

Saltney Based Re-Use Expert Paul Plans To Turn Scrap Into Refugee Shelters And Play Dens

A re-use and repurposing expert is developing a new line in easy to assemble structures which can be used for everything from disaster relief shelters to children’s play dens. Paul Ridley is a familiar sight at car boot sales across North East Wales and Cheshire where he sells screws, bolts, fixtures and fittings for DIY at knock-down prices. His social enterprise operation Cabinz Cic uses four giant units at Lock Stock Self-Storage on River Lane, Saltney. Paul’s plan is for a low-cost kit that would provide the hardware to turn…

Big Yellow Sells Industrial Warehouse Scheme For GBP 61 Million

Big Yellow PLC on Monday said it has conditionally sold its industrial warehouse scheme in Harrow, London. The self-storage facilities operator has conditionally agreed to sell the industrial warehouse for gross proceeds of GBP61 million. Big Yellow said that completion of the sale was dependent on practical completion of the development, and is expected to occur in August. The company added it has deployed about GBP27 million of capital expenditure to date with a cost to complete of about GBP 4.5 million, totaling GBP 31.5 million including the cost of…

Valor Extends London Last Mile Footprint With c. £70 Million Buy

Valor Real Estate Partners has acquired two urban logistics estates, located in Mitcham and Watford, for a total consideration of c. £70 million, from DTZ Investors. In Mitcham, South London, Valor has completed the acquisition of a 105,000 sq ft multi-let industrial estate on Mitcham Industrial Estate. It occupies a prime last-mile logistics location on the A216, providing direct access to the A23 and A24 in less than 10 minutes’ drive. Currently, 72% occupied by tenants spanning the self-storage and DIY sectors, it offers a mix of strong day one…

What Are They Building Near The Thurbers Avenue Curve?

If you’ve driven into the city from the south or headed out that way, you’ve probably noticed the five-story steel skeleton of a building rising there just south of the Thurbers Avenue curve on Route 95. So what exactly is it? According to a spokesman for A. Autiello Construction, it will be a self-storage operation with a slight twist from the typical storage facility: customers will be able to drive a U-Haul-type moving truck right into the building, close a garage door and unload their belongings securely and protected from…