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JLL Assists Clear Sky Capital Expansion into UK Following Success in U.S.

  $184M in self-storage financings closed this year on behalf of Clear Sky JLL Capital Markets announced today that it has assisted Clear Sky Capital on its expansion into the UK through a $121 million refinancing of an 18-property self-storage portfolio located across London, the South-East and South-West of the UK. The UK expansion follows the success in the U.S., in which JLL first advised on a $65 million institutional recapitalization with $40 million in go-forward equity for strategic growth at the end of 2022, and has since arranged $62 million…

Padlock Euro Storage Fund I Completes Acquisition of Gillingham, Mitcham, and Sittingbourne Properties in the United Kingdom

Padlock Euro Storage Fund I (the “Trust”) announced today that it has successfully completed the acquisition of three leasehold properties located in Gillingham, Mitcham, and Sittingbourne, United Kingdom for a combined purchase price of £8,775,000 excluding costs, which was satisfied by way of cash from the proceeds of the Trust’s recently secured refinance debt facility. The Gillingham Property, purchased for £4,186,000, consists of a leasehold interest in an existing self-storage facility located in Gillingham, UK. The 3-story facility currently offers approximately 27,180 net rentable square feet of self-storage units. The…

Spectrum Storage Group of the UK Acquires 13-Property MyLockup Self-Storage Portfolio in Northeast England

Spectrum Storage Group, a newly formed joint venture between Storebox Self Storage Ltd. of Ireland and the United Kingdom and valet-storage provider Lovespace, acquired 13 properties from MyLockup in Northeast England, 10 that are operational and three in planning phases. Spectrum now operates 26 locations comprising 527,000 square feet of self-storage space, according to a press release. The 10 existing MyLockup sites comprise 186,730 square feet of rentable space. The three that are approved for development will add another 111,000 square feet. The acquisition was achieved with the support of…

Work Underway for Vanguard’s New Self-Storage Facility in Bath (England)

Vanguard Self Storage, one of the UK’s remaining independent providers of self-storage solutions, is thrilled to announce that its newest facility in the heart of Bath is on track to open in November 2024. The state-of-the-art storage centre, located on the south side of the A36 Lower Bristol Road, marks a significant milestone in the company’s strategic expansion in the UK. The new Self Storage Bath store is the result of Vanguard’s unwavering commitment to identifying and acquiring prime locations that cater to the evolving storage needs of the local…

Former Lawyer Brings First Keyless Self-Storage Unit to Aberdeen (Scotland)

A former lawyer, and graduate of the University of Aberdeen, has launched his own self-storage business in Aberdeen, introducing keyless self-storage units to the city for the first time. Based in Bridge of Don Industrial Estate, Storage Den provides highly secure self-storage units for personal or business needs for Aberdeen residents. Its 70 storage units range in size, from 25 sq. ft. to 200 sq. ft, and are all individually alarmed with motion sensors and monitored with CCTV. The business currently provides solely indoor storage options, which are all accessible…

Padlock Partners UK Fund IV Completes Acquisition Of Self Storage Facility in Sidcup (England)

We are thrilled to announce the acquisition of the Sidcup property and our continued growth in Greater London,” said Padlock Capital Partners CEO John Stevenson. “We look forward to serving the community and providing an excellent service to the area.” – John Stevenson, CEO of Padlock Capital Partners  Padlock Partners UK Fund IV (the “Trust”) announced today that it has successfully completed the acquisition of a self-storage property located in Sidcup, United Kingdom (the “Sidcup Property”) for a purchase price of £10,400,000, which was satisfied by way of cash from…

SureStore Along With Legal & General (LGIM) Unveils 14th Self-Storage Facility in Stevenage, Hertfordshire (England)

Opening our third site to target net-zero carbon in operation in Stevenage is a testament to SureStore’s dedication to environmental responsibility. By repurposing a redundant building, we have reduced the embodied carbon required in constructing a state-of-the-art facility.” – Mike Wilson, co-founder of SureStore and Flexiss Industry-leading self-storage company SureStore, alongside its investment partner Legal & General Investment Management (LGIM) is excited to unveil its 14th self-storage facility, strategically located in Stevenage, Hertfordshire. This announcement marks another significant step in SureStore’s commitment to providing innovative and sustainable self-storage solutions across…

List Self Storage Expands to United Kingdom

List Self Storage (ListSelfStorage.com; “List”), the premier online platform for connecting buyers and sellers of self storage facilities, development land and conversion opportunities, has launched ListSelfStorage.co.uk to serve the growing property acquisition community in England, Scotland, Wales and Northern Ireland. List Self Storage is a product of StorTrack, the world’s leading self storage data provider. “The growth in demand in the UK is fueling increased investment and development in self storage, just as it continues to do in the US and elsewhere. List has proven success in connecting buyers and…