£37 Million Supports Acquisition of One of UK’s Largest Self Storage Providers

A £37million loan from OakNorth Bank has supported the acquisition of UK Storage Company, one of the UK’s largest independent self-storage providers. Founded in 2005 by Keith and Cathy Taylor, UK Storage Company opened its first site in Bridgwater, Somerset, with the site also being used as its headquarters. Its second site soon followed in Taunton, Somerset, and today, the business operates 28 stores across England. Totalling over 880,000 sq ft of storage space, all of UK Storage Company’s sites are fully automated, offering customers 24-hour access to their units…

Self Storage Operator UK Storage Co. Ltd. Acquired by Investor Syndicate

After a rigorous sale process, we have no doubt that Davidson Kempner/Pithos Capital will continue to develop the company as the U.K.’s largest independent self-storage provider, and we look forward to following its progress.” – Cathy and Keith Taylor, UK Storage Co. Ltd An investor syndicate comprised of funds advised by Davidson Kempner Capital Management LP and Pithos Capital has acquired UK Storage Co. Ltd., which operates 28 freehold and leasehold self-storage facilities across the United Kingdom. The company’s portfolio comprises about 900,000 rentable square feet in 11,000 units, according…

Moorfield and Peloton’s UK Open Storage Logistics Venture Adds £26 Million Portfolio

Moorfield Group and Peloton Real Estate’s UK open-storage logistics facilities investment venture has added four sites to its portfolio. The partnership has acquired the portfolio, comprising four sites in Newport, Peterborough, Preston and Tewkesbury for £26m (€29m). The sites are leased to used vehicle marketplace BCA.” In July last year, Moorfield and Peloton partnered to create the venture which expects to put together an initial £100m portfolio. Moorfield, investing on behalf of its Moorfield Real Estate Fund V, is the majority investor in the joint venture. Peloton will mainly be…

Self Storage Group ASA – Acquisition of property in Ålesund, Norway

  Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a land plot at Emblem in Ålesund, Norway. The transaction has a value of NOK 9 million and the land plot has a gross area of 3390 m2. The property is an existing OK Minilager leasehold with additional development potential. OK Minilager currently operate drive-up units on the property with a current lettable area of 700m2. With this acquisition we convert a profitable leasehold with stabilized occupancy into a freehold facility. This investment is…

Redefine Properties/Griffin Capital Joint Venture Acquires Majority Stake in Poland Self Storage Operator Stokado

The purchase gives the partnership a 51% stake in Stokado, though its control is expected to increase up to 75% by growing the brand’s footprint via 50 development projects over the next five years” A joint venture between South Africa-based real estate investment trust (REIT) Redefine Properties and Poland-based private-equity firm Griffin Capital Partners has acquired a majority stake in Stokado Self Storage, which operates 16 facilities in Poland. It’s the partnership’s first investment since announcing in February its intent to enter the Polish self storage market, according to the…

Self Storage Group ASA – Acquisition of property in Røyken, Norway

  We are pleased to announce the acquisition of this property in Røyken, 45 minutes south of Oslo. The population in the region is growing, and the supply of self storage in the area is limited. This acquisition is in line with our strategy to grow our freehold portfolio in selected markets. The demand for self storage is growing, and the demand has proven to be resilient during previous recessions. Especially urbanization and smaller living spaces are causing an increasing need for external storage solutions” Self Storage Group ASA (Self…

Stor-Age Property Reit Limited – Voluntary Announcement – Nuveen Joint Venture and Easistore Acquisition (UK)

We’ve built a strong foundation in the UK under the banner of our Storage King brand, which is enabling us to pursue significant growth on all fronts in a nimble manner. Our JV with Nuveen and the acquisition of Easistore demonstrate the strength, competitiveness and sophistication of our platform. The Easistore acquisition represents the third, four-store portfolio that Stor-Age has either acquired or part-acquired in the UK in the last 15 months. The current 35 properties either owned or managed and trading under the Storage King brand are scheduled to…

Shurgard Self Storage S A: Signs Purchase Agreement in Amsterdam North

  The future c. 5,400 sqm self storage property is set to open towards the end of 2024 and will become an extension of another Shurgard facility next door. It will offer approximately 750 self storage units to the nearby residential areas and business customers.” Shurgard Self Storage Ltd (“Shurgard”): Shurgard signs new purchase agreement in Amsterdam area (Randstad, The Netherlands) Shurgard, the largest developer, owner and operator of self storage facilities in Europe has signed a new land purchase agreement in the north of Amsterdam and expects to obtain…

Self Storage Group ASA – Acquisition of property in Kristiansund, Norway

  We are pleased to announce the acquisition of this property in Kristiansund. The property has a great location, close to the airport, and only a few kilometers from the city center. Following this acquisition, SSG will have two facilities in Kristiansund, and a total of 5 facilities in the Møre and Romsdal region. This acquisition is in line with our strategy to grow our freehold portfolio in selected markets. The demand for self storage is growing, and the demand has proven to be resilient during previous recessions. Especially urbanization…

Self Storage Group ASA – Acquisition of landmark property in Malmö, Sweden

  We are pleased to announce this acquisition, which is our 2[nd] property acquisition in Malmö this year. The property has a central location with unique visibility from main roads. This acquisition is in line with our strategy to grow organically in the Swedish market. The property will give SSG a strong footprint in the Malmö, Sweden´s 3[rd] largest city” Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Lundavägen in Malmö, Sweden. The transaction has a value of SEK 39,8…