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…
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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…
Where Is the UK Storage Industry Headed?
Paul Whittaker offers insights on investor strategies, site selection, development activity and more throughout the UK in this educational video chat.