Category: Recent Transactions

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…

Self-Storage Giant Shurgard to Buy UK’s Lok’nStore for £378 Million

Following several successful acquisitions over the past year, I am excited to disclose this new acquisition in the UK, which doubles our presence in the country, and accelerates our growth and expansion strategy.” –  Marc Oursin, Chief Executive – Shurgard The deal will add 43 sites in England and Wales to Shurgard’s portfolio, the business said. One of Europe’s biggest self-storage companies has offered £378 million to shareholders of London-listed Lok’nStore to buy it off the stock exchange. A deal which the two companies’ boards announced on Thursday would give…

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…