Category: Development News

Lok’NStore to Add Wirral Site to Portfolio

Lok’nStore will receive one-off fees for finding and securing the site, development advice and use of the Lok’nStore brand. The expectation is that the developer will be onsite in the coming months, with the store expected to open in late 2024.” Self storage business Lok’nStore Group has exchanged contracts on a new site on the Wirral. The Bromborough site will be a base for a new 49,500 sq ft Landmark store. The site, which already benefits from planning permission, will be owned by an existing Managed Store client. Lok’nStore will…

Plans to Create Self Storage Container Site Between Canal and River in Sowerby Bridge Submitted to Calderdale Council

  The scheme, when at capacity, would see around 150 green 20 feet containers at the site with adequate lighting, CCTV and electric gates to secure the site, says the application to Calderdale Council.” A company hopes to develop a container self storage site on almost a hectare of land it says is “underutilised” in Sowerby Bridge. SCA Self Storage is seeking five-year temporary planning permission to develop the sites at the Gas Works site at Chapel Lane. The scheme, when at capacity, would see around 150 green 20 feet…

Fenland Farm Storage Business Wants to Add 72 New Containers

A farm next to Fenland in Barnham Broom is looking to further expand its storage container business in response to demand. Barn Owl Farm is seeking permission for another 72 self storage units on its property.” The business, located off Bell Road, already has around 129 containers on the site, having already been given permission to expand last year. The latest plan will use agricultural land adjacent to the existing storage containers. A member of the public has written to South Norfolk Council’s planning team to object to the schemes.…

Shurgard Obtains Building Permit for North London Site

Direct project cost (excl. absorption cost) is estimated to amount to GBP 18.5 million and the expected property yield at maturity is expected to be within our guidance (8-9%).” Shurgard, the largest developer, owner and operator of self storage centers in Europe – has received planning permission for its development project in Tottenham (in the North of London). Shurgard’s most recent development pipeline, which has been publicly disclosed, includes the site. The property will be built on a freehold site and will replace an existing building. The future c. 8,200…

Plans for Storage Facility Submitted to Renfrewshire Council by North Star Storage

Plans for a storage facility in the Abbotsinch area of Paisley have been submitted to Renfrewshire Council. North Star Storage wants to introduce a facility with steel containers and an office at Glasgow Airport Business Park. A planning application has been put in for a location, which is bordered by Inchinnan Road and Marchburn Drive. A statement, prepared by agent company Zander Planning, said the proposal would involve the reuse of a brownfield site. It explained: “Planning permission is sought for the use of the site as a class six…

Flexiss Group and LGIM Introduce the UK’s First Fully Automated Self Storage Facility with No-Key Access System in York

Delighted to see the 12th SureStore open this April. With each new facility, Flexiss has evolved, and in York, they have brought both a specification that targets net-zero carbon in operation and a fully automated high-security system into a multi-purpose facility, in what he believes is the first of its kind in the UK.” – Paul Whittaker, Commercial Director at Flexiss York SureStore is truly a best-in-class facility, marking their second self-storage development to open in the last nine months. They are increasing their exposure to the sector with a…

Bangor Students Help Fuel Growth Of Denbigh-Based Storage Giant “Lock Stock Self Storage”

The new site will hold 110 storage units, painted in Lock Stock’s distinctive dark green livery, a mix of 10- and 20-footers and it takes the number of units at their three Bangor sites up to more than 250.” Students at a Welsh university city are helping fuel the growth of one of the UK’s biggest containerised self-storage companies. The demand for storage space, especially outside term time, is one of the reasons Denbigh-based Lock Stock Self-Storage has just opened its third storage park in Bangor. Enquiries from the university’s…

Stor-Age Boosted By Strong Rental Growth, Low Churn – With Five New Facilities Being Built

  In the UK, the group plans to develop five new properties, at a cost of £64 million (roughly R1.44 billion). This will add an estimated 270 000 square feet (about 25 110m2) in the gross lettable area to the portfolio.” Stor-Age, SA’s biggest self-storage property fund, says customer churn levels remain below pre-pandemic levels, while average rent climbed by 7.3% in South Africa, and more than 8% in the UK over the past year. Valued at about R5.9 billion on the JSE, Stor-Age’s portfolio comprised 86 self-storage properties across…

More Than 70,000 Sq Ft of New Energy Efficient Warehouse Space in Birmingham on the Way

Several of the units have already been pre-let to occupiers including self storage operator SureStore, which has taken the largest 17,222 sq ft building.” More than 70,000 sq ft of energy efficient warehouse and trade counter space is set to be created in a prime roadside location in Birmingham. Legal & General’s IPIF Fund and Prime Box have secured planning permission to deliver Prime Park on a 3.4-acre brownfield site off Hamstead Hill in Hamstead, just four miles north of Birmingham City Centre. Located next to a new Lidl superstore,…

Cinch Storage Opens Newbury Facility in Faraday Road

A brand new storage business opened its doors in Newbury this week. Cinch Self Storage opened its 12th UK facility in the town on Monday and the storage business provides more than 51,000 sq ft of lettable space to customers. Cinch’s Newbury facility is located in the former home of the Newbury Weekly News, at the end of Faraday Road in the London Road Industrial Estate. Co-founder of Cinch Storage Richard Owen said: “We are proud to be a part of the Newbury community, an area which has been underserved…