Category: Recent Transactions

Padlock Euro Storage Fund I Completes Acquisition Of SBR WB Limited in the United Kingdom

Padlock Euro Storage Fund I (the “Trust”) announced today that it has indirectly acquired 100% of the share capital of SBR WB Limited for £100,000 which was satisfied by way of cash from the proceeds of the Trust’s recently secured refinance debt facility. The sale includes the company’s rights and obligations pursuant to a property purchase agreement that provides an asset purchase of £5,734,000 when the condition precedents of the agreement are satisfied which include delivery of a newly constructed and completed storage warehouse (the “Property). The Property consists of…

Heitman LLC Acquired a Self-Storage Site in Galway, Ireland

Heitman LLC (“Heitman”), a global real estate investment management firm, today announced the acquisition of a self-storage site in Galway, Ireland, further establishing their U-Store It business as the leading provider of self-storage facilities across the country. This transaction, undertaken in furtherance of Heitman’s global core plus focused strategy, reinforces Heitman’s conviction in the European self-storage market and the growth potential in Ireland in particular. This bolt-on acquisition follows the firm’s acquisition of the U-Store It self-storage platform in Ireland in 2022, a transaction driven by strong demand/supply fundamentals. The…

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…

Container Storage Firm Expands Storage Facility in Cardiff (Wales)

One of the UK’s leading container storage providers has successfully completed the purchase and expansion of their award-winning site in Cardiff. blue self storage Ltd said the strategic acquisition marked another milestone in the company’s rapid growth and commitment to serving both domestic and commercial customers. The Llanishen facility, situated on the Ty Glas Industrial Estate in North Cardiff, has expanded from three-quarters of an acre to just over an acre, now boasting 181 self-storage units of various sizes. Earlier this year, blue self storage entered into discussions with Millgrove…

Barwood in Partnership with Flexiss Acquires First Site Focusing on Growing Self-Storage Sector in Lincoln (England)

Barwood Capital has acquired its first site in Lincoln, as part of a new investment strategy focused on the growing self-storage sector which will see the company partner with self-storage specialist, Flexiss. The acquisition was made through Barwood Regional Property Growth Fund V. Barwood is partnering with Flexiss as an operator and development partner for the new strategy, helping to acquire vacant buildings to be transformed into modern, energy-efficient self-storage assets. Flexiss currently has c£200m in assets under management, including new build development projects and conversion projects. The new facilities…

Storage Giant ‘Lock Stock’ Acquires Two Self-Storages Near Ludlow (England)

A fast-growing storage giant has taken over two new storage sites near Ludlow. Denbigh-based Lock Stock Self Storage has just signed the contract to acquire Craven Arms Self Storage and Ludlow Self Storage at Brimfield in Herefordshire, between Ludlow and Leominster. The deals will take Lock Stock, the UK’s largest containerised storage company, up to 30 sites with over 4,600 units providing almost six million cubic feet of space. Operations manager Mike Trow said: “We have had a presence in the border counties for a while so it has very…

Hines Enters European Self-Storage Sector With Acquisition of 3-Facility Portfolio in England

Hines, a Houston-based firm specializing in global real estate development, investment and property management, has entered the European self-storage market with the acquisition of a three-property portfolio in England. Located in Ashford, Chatham and Ebbslee, the facilities will be managed and branded by Storage King, which operates 43 locations in the U.K. Together, they offer 1,449 units, according to the source. “The nascent U.K. self-storage sector is propelled by long-term demographic and consumer trends likely to drive increased demand in the years to come, particularly in densely populated commuter towns…

Kangaroo Self Storage Expands into North East England

As an edge-of-city site, Wessington Way is a perfect location. The road is a key arterial route into Sunderland and the site is at a major roundabout at the junction of Hylton Retail Park which is fast becoming the city’s major retail destination. It’s a very visible site with easy access and ample parking. Sunderland provides a perfect introduction to the North East of England as the business looks to broaden its reach across the UK.” – Gareth Dougherty, Acquisitions Manager at Kangaroo Self Storage Kangaroo Self Storage, makes its…

Wigwam Storage Acquisition of Warehouse is Set to Open its Newest Location in Lincolnshire (England)

A self-storage company has acquired a 57,500 sq ft warehouse on a 3.5-acre site in Lincolnshire. Operating under the name Wigwam Storage, the company, which currently operates sites in Worcestershire, Warwickshire, and Oxfordshire, is set to open its newest location during the summer. The former retail warehouse on Greetwell Road has been acquired from private clients of Eddisons by joint venture partners Wigwam Storage Management and Paloma Capital. Midlands-based agent Michael Johnson & Co-facilitated the transaction on behalf of the joint venture partners. Although the specific sale price for the…