Cuboid, the spin-out of Chorley-based property group FI Real Estate Management (FIREM), is set to open a 14,120 sq ft internal self-storage unit at Winnington Business Park in Northwich. The 216-room unit marks a first for the brand, as it continues to grow its 150,000 sq ft portfolio, and diversify its offer. The news comes just after the company launched the pilot of its ‘Business in a Box’ product, a customisable, two-storey container office and storage space for start-ups, as part of Cuboid’s growth journey. The unit at Winnington Business…
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Big Yellow Self Storage Plans New Site in Leicester [England]
Big Yellow Self Storage Company has lodged plans for a new facility in Leicester. The business has brought forward proposals for Belgrave Gate. The site currently accommodates a rectangular building which operates as a car workshop and MOT servicing centre. The first and second-floor elements of the structure comprise multiple different uses, including an office, a light industrial space and a Karate Hall. The northern element of the site comprises The Bridle Lane Tavern Public House and the associated garden area and car park. Lined up is the demolition of…
Admirals Yard Self Storage Buys Land For New Facility, Expected to Open in the Summer of 2025, in Workshop [England]
A deal has been secured for an acre of land at the multimillion-pound Vesuvius development in Worksop to enable the creation of a secure storage facility. The land has been sold to Admirals Yard Self Storage. The facility will offer a range of drive-up unit sizes and is expected to open in the summer of 2025. Chief executive Rob Sadler said: “Admirals Yard Self Storage has facilities nationwide and is delighted to be adding the Vesuvius site to its portfolio.” CEG has also let a £2m contract for the highway…
Further Plans Submitted to Convert Matalan into Self Storage in Salisbury [England]
Plans have been submitted for the development of the former Matalan unit into a self-storage unit. In December, planning permission was granted by Wiltshire Council to convert the former Matalan unit on Southampton Road into self-storage. It will be occupied by company ‘Here Self Storage’, and will require work to the site before it opens. The company wishes to construct additional roller shutter doors on the exterior, add a canopy over the unloading bay, add a vehicular access gate, replace doors and add a new fire egress door, a brick…
Storage Giant Announces Major Expansion Plans in the North West UK
The UK’s largest independent self-storage company, Storage Giant, has announced its plans to expand into the North West starting from 2025 – representing the company’s furthest north expansion to date. Following Storage Giant’s best year-to-date for revenue delivery and customer acquisition– gaining in excess of 6,000 new customers during their last financial year – the award-winning firm now has its sights firmly set on entering new markets. With three new sites already set to open in 2025, at Kidderminster, Witney, and Willenhall, then a further eight sites in pipeline development…
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…
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…