Category: Development News

Go Store Self Storage Opens In York After Securing Seven-Figure Funding Deal

A storage company has expanded its UK operations with a new Yorkshire site after a rise in demand during the pandemic. Go Store Self Storage used a seven-figure funding package from HSBC UK to support the build and fit-out a 45,000 sq ft storage centre at Monks Cross, York. The site includes 950 storage rooms with 35 different sizes available. An additional £150,000 was also provided by the bank to support the company’s ongoing working capital requirements. Rory Windham, managing director at Go Store Self Storage, said: “The pandemic changed…

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…

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 Company Announces New Store Opening in Daventry

Self storage company Space Station has announced the latest step in expanding its UK operations with the opening of a new facility in Daventry. The recently announced store has a significant 28,500 square feet of storage space for local customers and businesses, with various sized individual units available to rent. After securing the purchase of the Daventry location from Squab Storage and Removals, the doors to Space Station’s newest store are now officially open for business, with a full site rebrand set to be completed later this year. The acquisition…

Latest Base Stacks up for Self Service Storage Firm

Self storage firm UK Storage Company Ltd is to open its biggest nationwide base in purpose-built premises in Sheffield. The firm, which has been offering self storage for businesses and residential customers since 2005, currently has 27 stores across the country and will open its first South Yorkshire operation totalling approximately 15,000 sq ft in early 2022. The 24-hour facility at Tinsley Industrial Estate, in the Lower Don Valley area of the city, has been built to an agreed specification with a glass fronted and canopied entrance and will feature…

Tulfra Real Estate Acquires Land in Jersey City for 2,422-Unit Self-Storage Project

Locally based developer Tulfra Real Estate has acquired land in Jersey City for the construction of a 2,422-unit self storage project. The facility will be located at 300 Thomas McGovern Drive and will have a gross square footage of approximately 261,000 square feet, including an adjoining parking structure will also be constructed as part of the project. Thomas Walsh of Walker & Dunlop brokered the land deal. A groundbreaking date will be announced in the coming days. According to Tulfra, there are approximately 159,000 housing units and 22,500 new apartments…

Construction Begins on Industrial Business Park

Work has now started on a 30,000 sq ft industrial and warehouse business park in Monks Cross, York. The MX Park features 11 industrial units, ranging from 1,925 sq ft to 3,550 sq ft in size, which are available to lease on flexible terms. Experience has shown us these types of units appeal to a wide range of businesses due to their flexible nature and the ability to install mezzanine floors. Monks Cross has been one of the most successful out-of-town developments in North Yorkshire over the past 20 years,…

Newport’s Storage Giant on Course for Major Expansion in 2021/22

Newport-based self storage specialists are on course to double in size over the next 2 years, having grown their occupancy rates during the pandemic. The firm, which is the largest private self storage provider in Wales and the second largest in the UK, has sites across Wales, The Midlands and the M4 corridor, and it is pressing ahead with plans to open new sites in Bridgend, Nottingham, and two in the West Midlands in the coming months. We are well positioned and looking forward to opening new sites across the…

Wrexham Reopening for Self Storage Firm

A self storage company has re-opened one of its Wrexham storage parks after a £150,000 refurbishment. The work by Lock Stock Self Storage included an extension to its Whitegates facility, which has more than doubled its capacity to 130 units. We have seen incredible demand across all our sites across North Wales and in the borders where we have sites in Shrewsbury and Oswestry and much of it has been driven by the housing market as people look for storage ahead of moving home.” The outfits are already being snapped…