Category: Recent Transactions

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…

£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…