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Four-Storey Halesowen Office Building Sold For £1.8 Million

An office building that has stood vacant for a number of years on Dudley Road, Halesowen, has been purchased for £1.8 million. Lygon Court, which occupies a prominent position on the corner of the A459 Dudley Road and Hereward Rise, near Halesowen town centre, was sold by Siddall Jones on behalf of a local property investment company. The four-storey property, which was built in 1971 and has a net internal area of 20,000 sq ft on 1.53 acres and comes with 92 parking spaces, was bought by a developer who…

Irish Self Storage Group In Multi-Million Pound Northern Expansion

Irish self-storage company U Store It is preparing to open a major new site in Belfast as part of a multi-million-pound expansion north of the border. The five-storey mega unit, just off Kennedy Way in west Belfast, is expected to open by the end of the year, offering between 1,500 and 1,600 storage units for consumers and small businesses. It comes just weeks after Ireland’s biggest self-storage company was acquired by US real estate group Heitman. The investment manager is paying €104 million (£90m) for U Store-it’s existing sites in…

Self Storage Group ASA – Acquisition Of Land Plot In Hønefoss, Norway

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a land plot at Kilemoen in Hønefoss, Norway. The transaction has a value of NOK 3.4 million and the land plot has a gross area of 4670 m2. “We are pleased to announce this acquisition, adding an additional property to our land bank. This land plot will be developed with drive-up self-storage units. Following this acquisition SSG will have 3 sites in the Hønefoss region. There is a growing demand for our services, as urbanization…

Bellview Transport Expands Self-Storage Services In Oxford

Bellview Transport, a top-rated removal company in Oxford is pleased to announce that they have expanded self-storage services. The family-run business has expanded over the years to cater to different kinds of removal, moving, and storage services. Sometimes people need extra space either because they are on a de-cluttering spree, downsizing, or simply want to free up some space in their homes. Self-store is a service that helps people get that extra space for both the short and long term. The storage units in Oxford can be used to store…

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,…