Category: Development News

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…

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,…

Moorfield And Peloton In Debut Acquisition For £100 Million Open Storage Joint Venture

Peloton Real Estate and Moorfield Group, the UK-focused real estate investment manager, have formed a joint venture to put together an initial £100m portfolio of open and outdoor storage assets throughout the UK. The JV has made its first investment with the purchase of an 11.4-acre site in Garston, Liverpool, for £4m. The open storage strategy will focus on assembling a geographically and occupationally diverse portfolio of sites, with the aim of generating a secure income profile, while adding value through active asset management initiatives. Moorfield is the majority investor…

Heitman Invests In Irish Self-Storage Platform U Store It

Global Real Estate Investment Firm Heitman has invested an undisclosed amount in an Irish self-storage business. Heitman said it has invested in U Store It and plans to help expand the self-storage platform across Ireland and Northern Ireland. U Store It has six locations across four cities: Dublin, Belfast, Cork, and Waterford, and has plans to develop two additional sites in Dublin and Belfast. Caleb Mercer, Heitman’s managing director of European real estate Investment, said: “We are pleased to invest in the U Store It platform and to work with…

Shurgard Self Storage SA : Obtains A Building Permit In Amsterdam Region

Shurgard Self Storage SA (“Shurgard”) – Shurgard obtains a building permit for a self-storage property in the Amsterdam region. LUXEMBOURG – Shurgard, the largest developer, owner, and operator of self-storage centers in Europe – has received a building permit for a new storage facility in Diemen Visseringweg (Amsterdam region, Randstad, the Netherlands). The new c.4,000 sqm building will offer over 550 self-storage units to the nearby residential areas and business customers. It is set to open in the first half of 2023. Shurgard has another three properties in its organic…

Big Yellow Group 1Q Revenue Boosted By New Store Openings

Big Yellow Group PLC said Thursday that revenue for the first quarter of fiscal 2022 rose 24%, boosted by recent store openings. The U.K. self-storage company said total revenue was 45.5 million pounds ($54.5 million) in the quarter ended June 30 compared with GBP36.6 million for the same period last year. Like-for-like store revenue for the same period rose 9% to GBP39.4 million. However, like-for-like occupancy on June 30 stood at 88.3% compared with 91% on the same date last year, the company said. It said the board will continue…

You Don’t Have To Leave Great Yarmouth To Get More Space

Unless you live in a house the size of Somerleyton Hall, it’s more than likely you’re going to struggle with space at some point. And there’s only so much you can fit into an overflowing loft or packed garage. Whether you need space for furniture following a house move, somewhere to store tools and equipment, or a place for all those bits and bobs that you just can’t bring yourself to throw away or sell, self-storage could be the answer. Ready Steady Store is a trusted, nationwide self-storage company with…

Swindon Debenhams Building Could Be Transformed Into Storage Space Under Plans

Swindon’s former Debenhams store could be turned into a 200,000 sq ft of storage place under new plans. A proposal has been submitted in a joint application by current owners Meadow Partners and inner-city self-storage operator StoreAway to repurpose the building. Under the plans, the now-closed department store would be replaced with 900 lockers inside the building. The building has been vacant since 2020. According to StoreAway, the acquisition would be part of a UK drive to transform more than a quarter of a million sq ft of redundant retail…

Plans For 100 Self-Storage Containers In Bangor

The city centre site could accommodate 67 of the larger containers and 33 of the small ones. One of the UK’s biggest container storage companies is hoping to develop a new site in the centre of Bangor. Lock Stock Self Storage has applied for full planning permission to place around 100 containers on land behind the West End, just off Euston Road. Applicant Stuart Bowker, operations manager of the firm, says in his application to Gwynedd Council, received on June 27, that the units would be for use by local…

Cheltenham Welcomes New Storage Concept StoreAway To Town’s Former Lidl

New self-storage operator StoreAway is transforming 34,000 sq. ft of redundant retail space in Cheltenham’s former Lidl supermarket on Grosvenor Terrace into a thriving storage hub. The site, which was originally built in the late 1970s, has been vacant for almost two years since the supermarket giant relocated to Swindon Road in September 2020. It has now been transformed to play host to 325 lockers and will open to the public on Monday, July 4th. The announcement comes as part of StoreAway’s disruptive plans to repurpose more than a quarter…