Arrow Capital Partners has acquired a 24,581 sqm commercial and industrial site in Ludwigsfelde, southwest of Berlin, to develop into a modern industrial park with a gross development value of ca. €20 million. This deal together with the recent acquisition of a brownfield site in the industrial harbour of Bremen highlight an expansion of the group’s broader European urban logistics development portfolio, which includes around €150 million of projects in Germany and €1 billion across the rest of Europe in the UK, Netherlands, Poland, Germany, Spain, and Italy. Commenting on…
Category: Development News
UK Self-Storage Operator Safestore Buys Full Equity In JV Properties From Carlyle
U.K.-based self-storage operator Safestore Holdings PLC has acquired the remaining 80% equity in its joint venture (JV) with global private-equity firm The Carlyle Group for €67 million. The portfolio of 15 self-storage facilities in Belgium and the Netherlands comprises 592,000 square feet. The partnership had an enterprise value of €146 million, according to a press release. Safestore formed the JV in 2019 to acquire the six-property M3 Self Storage portfolio and enter the Dutch market. That purchase was followed by the six-property Lokabox self-storage portfolio in Belgium in 2020 and…
Big Yellow Self Storage Opens New Facility On Old Shoreham Road, Hove
A new storage facility has opened a new base complete with an art installation on its gates. Big Yellow Self Storage opened its 105th store in Hove over the weekend. Alongside flexible storage and office spaces, Big Yellow Hove has commissioned the latest public art installation for the area’s art and design scene. The installation, created by Brighton-based artist Kerry Lemon, is a partnership between Big Yellow Self Storage and a local artist creating a public art contribution for the new store. It comes after Kerry won the competition launched…
Acquisition Of Storagebase Adds 300,000 Sq Ft To Storage King’s UK Portfolio
Frome-headquartered self-storage operator Storagebase has been acquired by leading UK self-storage group Storage King, in a deal led by FRP Corporate Finance. Storagebase’s assets, which include four high-quality storage facilities in the south of England will now be operated by Storage King – which is owned by South Africa’s largest self-storage company, Stor-Age Property REIT Limited, which owns over 80 self-storage assets in South Africa and the UK. The acquisition includes more than 300,000 sq. ft of space, including a new 102,000 sq. ft facility under construction in Amesbury, Wiltshire.…
Handy Garden Machinery In Swindon Becomes Demolition Site – Warehouse Turns Into A Self Storage Centre
A garden machinery shop that closed after 82 years because of lockdown pressures has transformed into a demolition site. Handy Garden Machinery was long established on Hobley Drive in Stratton, opposite Aldi, but was forced to shut in 2020 because it was not economically viable for the owners to continue with the lockdowns. Demolition contractor C J Charlton Group Ltd has gutted out the building’s interior and has erected metal fences with signs warning the site is dangerous. Plans to turn the warehouse into a self-storage center have been submitted…
Fox Storage Set To Move Into Premises On Westpark 26
UP to 30 new jobs are set to be created on a business park on the outskirts of Wellington. Work has started on the Block 5Z warehouse and storage facility at the Westpark26 development. The premises will be used by Fox Self Storage, taking occupation alongside Chudley International Removals, which is relocating from Ilminster, by the end of the year. The bespoke build by Summerifled is part of the Fox Group’s expansion plans and is due to create and retain up to 30 new skilled and semi-skilled jobs, while also…
Storage Business Invests In New Rubery Facility
A storage and removal business has invested in a new facility in Rubery. Squab Group has acquired the final lot at Birmingham Great park, Hollymoor Way. The company has expanded its services to offer removals, van hire, document shredding, and business center and conferencing facilities. Hortons’ Estate completed the development for Squab Group which is set to open this month. Alex Henney, director for storage operations at Squab Group, said, “Hortons has designed and built a phenomenal building that will provide customers with a unique self-storage experience. “Our facility in…
Facility For Storage Firm Completes
Hortons’ Estate has completed the development of a facility in Birmingham on behalf of expanding family-run removal and storage company. Squab Group has invested in the new self-storage facility on the final remaining plot at Birmingham Great Park, Hollymoor Way in Rubery. The new freehold development features self-storage space and integral offices and will be marketed by Squab at domestic customers and the region’s local small business community. It is set to open early this month following an internal fit-out. Established by the Evans family more than 15 years ago…
Container Self-Storage Market In Growth Mood
The UK-based Container Self-Storage and Traders Association (CSTA) has published its first census on activity in the self-storage industry. Focused on the UK, the report revealed that at the end of 2021 some 572 companies were active across what the CSTA described as 978 “properly defined and/or dedicated sites”. This was up about 4% (35 sites) on the previous year. Altogether The total number of containers in use for self-storage was 72,644 TEU. Moreover, the CSTA report indicated that occupancy levels of the containers were strong with 98% utilization rates…
Newport-Based ‘Storage Giant’ Thinks Big With Expansion Plans
Newport-based self-storage specialist ‘Storage Giant’ says it is on course to double in size during the next two years, having grown its occupancy rates during the coronavirus pandemic. The firm, which has its headquarters at the city’s Leeway industrial estate, is the largest private self-storage provider in Wales and the second largest in the UK. It has sites across Wales, the Midlands, and the M4 corridor, and is pressing ahead with plans to open new sites in Bridgend, Nottingham, and two in the West Midlands in the coming months. “The…