Category: Finance News

Shurgard Self Storage Ltd., the European affiliate of U.S.-based real estate investment trust Public Storage Inc., has acquired the Top Box Self Storage portfolio in Germany for €69.2 million. The purchase includes five existing facilities and two development projects. according to a press release. The operating sites, which are in Cologne, Duisburg, Essen, Mannheim and Wiesbaden, comprise 184,062 square feet and are currently at an average of 70% occupancy. Expansions totaling 71,041 square feet are planned for next year. The two new developments, in Cologne and Frankfurt, will encompass 97,951…

We are excited to announce the acquisition of the Chippenham property as we continue to expand our portfolio in the United Kingdom. We look forward to serving the residents and businesses in such a great community,” – John Stevenson, Chief Executive Officer – Padlock Capital Partners Padlock Partners UK Fund IV (the “Trust”) announced today that it has successfully completed the acquisition of a development property located in Chippenham, United Kingdom (the “Chippenham Property”) for purchase price of £1,750,000, which was satisfied by way of cash from the proceeds of…

Padlock Partners UK Fund IV (the “Trust”) announced today that it has successfully completed the previously announced acquisition of a redevelopment property located in Newbury, United Kingdom for an aggregate purchase price of £9,185,000 (exclusive of closing costs), which was satisfied by way of cash from the proceeds of the Trust’s initial public offering (the “Offering”). On July 26, 2023, the Trust indirectly acquired a freehold interest in a self-storage warehouse property located in Newbury, United Kingdom (the “Newbury Property”). The Newbury Property currently comprises an existing three-storey warehouse with…

We are thrilled to be able to secure these properties for our continued expansion in the United Kingdom. Both the Edmonton and Haverhill properties are superb sites that will be a great addition to our self-storage portfolio of Class-A properties. We look forward to serving the neighborhoods and local areas with our unique brand of self-storage and lifestyle services,” – John Stevenson, CEO Padlock Partners UK Fund IV (the “Trust”) announced today that it has successfully completed the previously announced acquisition of two redevelopment properties located in Edmonton and Haverhill,…

Self-storage operator Lok’nStore Group announced the first deployment of capital from its recent placing on Monday, as it acquired a new 60,000 square-foot freehold ‘landmark’ site in Eastbourne, Sussex. The AIM-traded firm said the move was the beginning of its expansion plans, following the significant injection of £19.8 million in funding. It said unconditional contracts for the new site had been exchanged, with the Eastbourne location providing an opportunity for the company to establish a presence in the Sussex region, catering to growing demand. In addition to the new acquisition,…

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property under development in Skjerven næringspark in Gjøvik, Norway. The transaction has a value of NOK 18.9 million and the property has a potential lettable area of 1400 square meters. The facility is projected to open in the first half of 2024 and will be operated under the City Self-Storage brand. We are pleased to announce the acquisition of this property, which will be our 2nd facility in Gjøvik. With this acquisition, we strengthen…