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…

Lok’n’Store Buys 3.5 Acre Site in Eastbourne (England)

Lok’n’Store, the Hampshire-based provider of self-storage space, has purchased the Birch Road in Eastbourne from Alfa Laval Ltd. Flude Property Consultants oversaw the deal, the total price amounted to £5.25 million. Alfa Laval sold the site as part of a relocation and property modernization strategy. The property comprises 83,000 sq ft of industrial, warehouse and office buildings on a 3.48 acre site. It also benefits from a substantial frontage to the A2290 Lottbridge Drove. Visit Hampshire Biz News for bright, upbeat and positive business news from the county Lok’n’Store plans…

Shurgard Acquires German Self-Storage Operator Top Box for €69.2 Million

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…

Cinch Self Storage Acquires Site For New Facility in Swindon, England

A huge new self-storage facility is set to open in Swindon following the acquisition of a brownfield site in the Wiltshire town. Cinch Self Storage has added to its portfolio of 20 facilities, which are mainly based in the South East, by buying up the site at Cheney Manor Industrial Estate to the north west of Swindon town centre. Financial details of the deal were not disclosed. The company said the new self-storage building was scheduled to open in late 2024, and would provide 68,000 sq ft of lettable space…

Store Box Self Storage Acquires Outer Space Storage Centre in Farnworth, Bolton

HSBC Bank has provided a seven-figure funding package for a Manchester-based storage company to increase its capacity in the North West. Store Box Self Storage has used the finance to acquire Outer Space Storage Centre in Farnworth, Bolton. The acquisition is the most substantial purchase the company has made to date and will see the business operate a hybrid space, offering both indoor and outdoor storage solutions for the first time. Store Box Self Storage anticipates growth in its customer base as a result of the purchase of the 38,000…

Padlock Partners UK Fund IV Completes Acquisition Of Chippenham Property

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 Completes Acquisition Of Newbury Property

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…

Padlock Partners UK Fund IV Completes Acquisition of Edmonton and Haverhill Properties

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,…

Lok’nStore Buys Eastbourne Site With Share Placing Funds

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 – Acquisition of Property in Gjøvik, Norway

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…