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Self-Storage Company Opens New Branch In Shrewsbury

Self-storage company, Space Station, has announced the newest expansion to its UK operations with the opening of a new facility in Shrewsbury. Up to 750 individual storage units are available to rent. The new store boasts a sizable 57,000 square feet of storage space available for local customers and businesses, which includes up to 750 individual storage units to rent, providing a boost to the accessibility of externally sourced storage in the local Shropshire community. After purchasing from fellow storage company, Rent a Space, Space Station officially opened its doors…

Budgeting For The Big Stuff: How To Reserve Funds For Your Self-Storage Capital Expenditures

If an expensive component of your self-storage facility breaks, like your HVAC unit, will you have the necessary funds for repair or replacement? Without dipping into your operating cash flow? You will if you have a plan for ongoing capital expenditures! Find out how to create a budget and build up a reserve. One of the most attractive features of owning a self-storage property is low ongoing capital expenditures (capex). Unlike with multi-family, office or even retail properties, there’s very little required to keep the operating cash flowing. But while…

Go-ahead For Self-Storage Business At Old Cheltenham Lidl

The ground floor vacant supermarket in Grosvenor Terrace will have 173 individual storage lockers. Controversial plans to convert a former Lidl supermarket into a self-storage site in Cheltenham have been approved. Away Cheltenham Ltd has been granted permission to change the use of the ground floor vacant supermarket in Grosvenor Terrace and install 173 individual storage lockers there. They say these facilities are aimed at serving city centre residents and local businesses who need additional stock room space or furniture and IT storage. The initial plans included installing a 40ft…

Stor-Age Outshines Other JSE Property Competitors, Continues To Experience Strong Growth

STOR-AGE, South Africa’s largest self storage property fund, lifted its interim dividend 8.85 percent to 56.60 cents per share after it continued to outperform other listed property companies on the JSE in the six months to September 31, 2021. The results were driven by strong demand, growth in occupancy and rental rates, and disciplined cost control at a property level, said chief executive Gavin Lucas. He said even though the business model was tested over the past 18 months, “we made progress in all areas of our strategy: organic growth,…

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

Self Storage Group ASA has entered into an agreement to acquire a land property in Kampenesmosen in Sarpsborg, Norway. The transaction has a value of NOK 4.6 million. Self Storage Group will develop the plot into a purpose-built self-storage facility with a potential lettable area of 2000 square meters (21,527.82 Sq. ft.). The facility is projected to open in 2023, and will be operated under the City Self Storage brand. “The property is located in Sarpsborg in Viken county. The Sarpsborg/Fredrikstad region is the 5th largest metropolitan area in Norway.…

Open For Business: Edinburgh’s Largest Outdoor Container Storage Facility Plans To Double In Size

Sterling Sinclair Removals (SSR) has opened Edinburgh Self Store, the city’s largest outdoor container storage facility. Covering a 1.4-acre site close to the city centre, Edinburgh Self Store is located less than a mile from Haymarket – making it handy for people living within and outside the Capital. The facility has 100 units in place at the moment, with plans to more than double this number to 270. Each unit measures 1200 cubic feet, enough to store the equivalent of the contents of a 3-bedroom property. The watertight containers all…

Woking

Using the Market Discovery Data Tool from StorTrack Explorer, we were able to view market data for Woking, a town in northwest Surrey, England. Despite downward trending rental rates of 8% throughout the past three months, the city has seen increasing rates over the past year by 4.5%. Additionally, there are only three stores in the city and no known development projects in the pipeline. To view additional metrics and learn if this area presents a viable investment opportunity, visit the link labeled “Click Here to View Market Information“.

Crossbay Expands into Poland with Double Acquisition in Łódź and Warsaw

Crossbay, the European urban logistics platform set up by real estate investment manager Mark, has made its first acquisitions in Poland with the purchase of two sites in Warsaw and Łódź. The two sites, which represent almost 100,000 m2 of warehouse space have a combined GAV of €95 mln and were acquired from Panattoni Europe for an undisclosed sum. The deals are a part of Crossbay’s €1.5 bn AuM pan-European expansion strategy. Our entrance into Poland through this double acquisition of two prime assets demonstrates our ambition to become Europe’s…

CBRE IM Sells Industrial Asset in Belgium

CBRE Investment Management, on behalf of a fund it sponsors, has sold Aarttselaar Business Park in Antwerp, Belgium, for an undisclosed amount. The light industrial asset was acquired by the real estate department of the family office investor, Baltisse. Following the successful execution of the business plan, recent leasing successes and the high investor demand for industrial assets, the timing was right to sell this asset.” The property comprises a light industrial, 36,288 m2 complex of warehouse and offices divided over two separate buildings. It was built in 1975 and…

StorTrack Releases ‘StorTrack Explorer’ to Offer Self Storage Professionals Free Access to Interactive Data Map for All Markets

StorTrack, the premier international self storage data company, recently launched ‘StorTrack Explorer’ which offers an interactive map, improved user search experience and new formatting for accessing primary, secondary and tertiary market analytics on over 58,000 existing facilities and nearly 2,000 development projects in the US, the UK and Canada. Self storage investors and developers can choose from free, basic or unlimited account options. Free accounts have access to StorTrack Explorer’s mapping tool and can view net rentable square footage, square feet per capita, existing facilities, population metrics, average rates per…