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Padlock Partners UK Fund I, which operates six facilities in England, acquired Cinch Self Storage in Bicester, a market town northwest of London, for £3,200,000. The three-story facility at 1 Arkwright Road opened in 2018 and comprises 25,000 square feet. Padlock operates facilities in Bicester, Chippenham, Letchworth, Leighton Buzzard, Newmarket and Wimbledon, England. Source
The Deal Recently, Storage King acquired Blackpool Self Store in Blackpool, England for £3.6 million. Storage King, which operates 29 facilities in the United Kingdom, is owned by Stor-Age Property REIT and operates the Stor-Age Self Storage brand in South Africa. The Facility Opened in 2005, the facility comprises 30,100 square feet and offers room for expansion. The facility at 20 Clifton Road is in the Tellcom Business Centre. With data from StorTrack, we took a closer look at the market demographics to learn what made this facility an attractive…
Storage King, which operates 29 facilities in the United Kingdom, acquired Blackpool Self Store in Blackpool, England, for £3.6 million. The facility at 20 Clifton Road is in the Tellcom Business Centre. Opened in 2005, it comprises 30,100 square feet, with room for expansion. Storage King is owned by Stor-Age Property REIT, which operates the Stor-Age Self Storage brand in South Africa. Source
A North East storage company has announced plans to expand nationwide as it launches a new franchise programme. U Hold The Key, based in Stockton-on-Tees, said that it has seen a “surge in demand” for self storage throughout the pandemic and has accelerated the development of its franchise plans in response. Looking Forward The company, which is a division of Parsons Containers Group, said that it expects to open its first franchised site this summer, and will expand into new territories with the scheme. It reported a 15 per cent…
Padlock Partners UK Fund II announced today that it has filed with the securities commissions or similar authorities in each of the provinces and territories of Canada, and obtained a receipt for a preliminary prospectus for an initial public offering of trust units. The preliminary prospectus qualifies the distribution of a minimum of C$20 million and a maximum of C$40 million of Class A Units, Class F Units, Class C Units and/or Class U Units of the Trust at a price of C$10.00 per Class A Unit, Class F Unit…
