Padlock Partners UK Fund I (the “Trust”) announced today that it has completed its acquisition of Cinch Self Storage Bicester, 1 Arkwright Rd, Bicester, England (the “Bicester Property”) for £3,200,000, which was satisfied by way of cash from the proceeds of the Trust’s initial public offering. The Trust indirectly acquired a leasehold interest in the Bicester Property via a purchase of the shares of the controlling company. Simultaneous to the closing, the Trust indirectly negotiated and signed a new 20-year lease under the Landlord and Tenant Act 1954. The self-storage…
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Andrew Porter Ltd In Kendal Unveils Big Expansion
A self-storage firm in Kendal is expanding to provide storage solutions tailored to small businesses. Andrew Porter Ltd is completing an expansion with the arrival of 60 ’20 ft’ storage containers at its Mintsfeet site. This is the first facility of its kind in Kendal. Storage Coordinator Carol Hetherington. Stephen Gregson, the manager said: “Our first customers are ready to move in, and seeing the containers arriving on-site has bought the last few months of hard work to life! I am sure that these will be full before we know…
Revised Bid To Demolish Former Office Outlet Chester Store For New Self-Storage Business Submitted
Revised plans have been submitted to demolish the former Office Outlet store on Sealand Road, Chester and replace it with a self-storage facility. Applicants Lok’n’Store, which have been in the self-storage business for 25 years, originally submitted plans for the site, at the junction of Stadium Way, in May 2020. But, following objections and concerns raised from highways and the Environment Agency, planners went back to the drawing board and have since submitted further information along with revised proposals. Lok’n’Store has submitted plans for a self-storage business at the former…
Shurgard Wins Approval To Build Two Self-Storage Facilities In Netherlands
Shurgard Self Storage (SHUR.BR) said Tuesday that it received a building permit to deliver two new self-storage facilities in Rotterdam, the Netherlands. The Belgian self-storage provider will build a new self-storage site spanning 4,500 square meters and covert another building into a 2,000-square-meter self-storage property. The projects are expected to be completed by the end of 2022 and offer 700 and 300 units, respectively. Shurgard shares were down over 1% on Tuesday morning. Source
Shurgard To Buy Self-Storage Facility In Paris
Shurgard Self Storage (SHUR.BR) said Thursday it signed a purchase agreement for a building offering 550 self-storage units in Paris for an undisclosed sum. The 4,000-square-meter French self-storage property is scheduled to open by the end of 2023. The Belgian self-storage provider’s stock lost over 1% in morning trade. Source
Changes Made To Plan For Self-Storage Site At Gatebeck
The site is to be erected on land to the east of unit 1, Beckside Business Park. The opening hours of a proposed self-storage site featuring 120 containers were altered by the district council prior to the project being given approval. The series of 2.14m x 2.09m containers on land at Gatebeck, near Kendal, would have been accessible 24 hours a day under the terms of the initial application. But, after members of the public expressed concerns about these hours, South Lakeland District Council stipulated the site would only be…
Shurgard Wins Approval To Build Two Self-Storage Facilities In Netherlands
Shurgard Self Storage (SHUR.BR) said Tuesday that it received a building permit to deliver two new self-storage facilities in Rotterdam, The Netherlands. The Belgian self-storage provider will build a new self-storage site spanning 4,500 square meters and convert another building into a 2,000-square-meter self-storage property. The projects are expected to be completed by the end of 2022 and offer 700 and 300 units, respectively. Source
Self Storage Group ASA – Acquisition Of New Property In Askøy, Norway
Self Storage Group ASA (Self Storage Group, OSE: SSG) has entered into an agreement with Mittegetlokale Vestland AS to acquire a property in Storebotn Næringspark in Askøy, Norway. The transaction has a value of NOK 12 million. The property has a potential lettable area of 1050 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 Askøy, just outside of Bergen. SSG sees growth potential in the Greater Bergen region and we are therefore pleased…
Darlington Poundstretcher Could Be Turned Into Huge Self-Storage Facility As New Plans Revealed
Proposals to transform the site near the Head of Steam Museum have been submitted. A discount chain store in Darlington could be turned into a new self-storage facility if plans are approved. Proposals to transform the Poundstretcher, in Whessoe Road, into The Store Room, a self-storage company that has facilities in the North and the Midlands, have been submitted to Darlington Council. The discount store, which currently occupies the site, remains open and it is not known when the chain may close the Darlington store. Poundstretcher was forced to enter…
Application To Erect Self-Storage Containers At Gatebeck Approved
An application to erect 120 self-storage containers for access by members of the public has been approved by the district council. The series of 2.14m x 2.09m containers is to occupy a plot of land at Gatebeck, near Kendal. Two parking spaces are also to be created at the site – which customers will be able to access using codes. The design and access statement says the containers will be managed by ‘an established company with experience of providing self-storage sites’. The statement says it is expected the majority of…