Author: Shinil

Nuveen To Acquire Self-Storage Operator In Sweden

Nuveen Real Estate is acquiring 24Storage, the second largest self-storage operator in Sweden. Nuveen has acquired c.92.4% of 24Storage via unconditional share purchase agreements and the subsequent launch on 29 November 2021 of a mandatory public tender offer to acquire the remaining shares (and votes) to ultimately take 100% control of 24Storage, said Nuveen in a statement. The acquisition is based on a share price of SEK 76 per share, equating to an enterprise value of approximately SEK 2.1BN. 24Storage owns 26 assets and a further four assets under development.…

Self Storage Group ASA – Acquisition Of New Property In Arendal, Norway

Self Storage Group ASA (Self Storage Group, OSE: SSG) has entered into an agreement to acquire a property in Molandsveien 339 in Arendal, Norway. The transaction has a value of NOK 7.1 million. The property has a potential lettable area of 850 square meters. The facility is projected to open in Q4 2022 and will be operated under the OK Minilager brand. “The property is located in Arendal, close to the E-18 highway. With this investment, we will strengthen our number one position in the City of Arendal, and the…

Heitman Acquires 3-Property All Seasons Self Storage Portfolio in Germany

Global real estate investment-management firm Heitman LLC has acquired the three-property All Seasons Self Storage portfolio in Germany. The facilities are in Oldenburg, Osnabruck and Porta Westfalica. The purchase is in line with Heitman’s global investment strategy and focus on smart diversification, according to company officials. “Our long-standing expertise in self-storage leads us to believe that investors in European self-storage can benefit from being early movers into the asset class as the sector matures,” said Gordon Black, senior managing director and portfolio manager for Heitman. “As we continue to execute…

Self-Storage Development and Zoning Activity: December 2021

Go Store Self Storage completed an expansion of its facility in York, England. The property on Monks Cross Drive comprises 45,000 square feet in 950 units. The company secured a seven-figure funding package from lender HSBC UK as well as £150,000 for ongoing capital improvements. Go Store has a second location under development in Kettering, England. Norway-based Self Storage Group ASA (SSG) has purchased a property in Trondheim, Norway, for NOK 17 million on which it intends to build a new facility. Expected to open in the second quarter of 2023, the 1,550-square-meter…

Shurgard Opens Another Self-Storage Property In The Paris Region – Morangis

Shurgard, the largest developer, owner and operator of self-storage centers in Europe – is pleased to announce the opening of its new self-storage facility in Morangis (Paris region) on November 30, 2021. The new c. 5,700 sqm storage center will offer c. 850 selfstorage units for private and professional customers in Morangis and its surrounding area. The combination of our store location and accessibility is again a great benefit for these customers. Thanks to its e-RENTAL solution and its self-storage expert teams – Shurgard had also already secured many customer…

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

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a new-build property in Gardermovegen in Nannestad, Norway. The transaction has a property value of NOK 11.5 million, with an estimated lettable area of 1050 square meters. The facility is projected to open during Q3 2022. The property in Gardermovegen will be operated under the OK Minilager brand. “The property is located in Øvre Romerike, a region north of Oslo with strong growth. The location has easy access from main roads, close to Jessheim. This…

Self Storage Group ASA – Acquisition Of New Property In Vennesla, Norway

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Lundevegen 10 in Vennesla, Norway. The transaction has a value of NOK 6.2 million. The property has a potential lettable area of 800 square meters. The facility is projected to open in Q3 2022 and will be operated under the OK Minilager brand. “The property is located in Vennesla, 20 minutes from Kristiansand. With this investment OK Minilager will exceed 10 facilities in the county of Agder, strengthening our number one position…

Self Storage Group ASA – Acquisition Of New Property In Vestby, Norway

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Deliveien 21 in Vestby, Norway. The transaction has a value of NOK 15.6 million. The property has a potential lettable area of 1500 square meters. The facility is projected to open in Q1 2023,and will be operated under the City Self Storage brand. “The property is located in Vestby in Follo, 30 minutes from Oslo. The population in the region is growing, and the supply of self-storage in the area is limited.…

Self Storage Group ASA – Acquisition Of Property In Halden

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Sørliveien 84 in Halden, Norway. The transaction has a property value of NOK 8 million, with an estimated lettable area of 1400 square meters. The transaction is expected to be closed during the 1st quarter of 2022. The property is a section in the same building where SSG owns and operates an existing facility under the City Self Storage brand. “With this acquisition SSG will get ownership of the whole building, enabling…

Self Storage Group ASA – Acquisition Of New Property In Trondheim, Norway

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Nordslettvegen 4 B in Trondheim, Norway. The transaction has a value of NOK 17 million. The property has a potential lettable area of 1550 square meters. The facility is projected to open in Q2 2023 and will be operated under the OK Minilager brand. “The property is located in Fossegrenda, just south of Trondheim City center. This is a central location, close to major residential and student housing areas in Trondheim. With…