Category: Recent Transactions

A South East self-storage provider is set for further growth following the acquisition of a local competitor, with the support of a seven-figure finance package from Lloyds Bank. Cinch Self Storage is now set to operate the three new locations – formerly owned by PD Self Storage – in Gillingham, Sittingbourne and Mitcham. The acquisition caps off a period of significant growth for the business, with the trio of sites taking the total number of trading locations to 12. This figure – along with the company’s headcount of nearly 40…

Landmark Acquisition Expands the 1Box Portfolio to 28 Self-Storage Facilities Across the Netherlands, With an Eye for Further Growth. 1Box Self Storage, the Dutch affiliate of Volta Global’s 1Box Group self-storage platform in Europe, has completed the acquisition of Kubox, another leading self-storage operator in the Netherlands. This acquisition brings the 1Box Self Storage portfolio to a total of 28 operational facilities in the Netherlands and cements 1Box as a leading brand in the industry. “The Kubox acquisition is a major strategic milestone for 1Box that was years in the…

Shurgard Self Storage SA (“Shurgard”) – Shurgard signs a land purchase agreement in the Dusseldorf region (Germany) LUXEMBOURG – Shurgard, the largest developer, owner, and operator of self-storage centers in Europe – has signed a land purchase agreement in the Dusseldorf region and is expecting to receive a building permit for a new storage facility in the coming months. This future c.5,800 sqm self-storage property is set to open in 2024 and will offer c.750 self-storage units to the Dusseldorf area. Shurgard continues to grow its development pipeline in Germany…

Peloton Real Estate and Moorfield Group, the UK-focused real estate investment manager, have formed a joint venture to put together an initial £100m portfolio of open and outdoor storage assets throughout the UK. The JV has made its first investment with the purchase of an 11.4-acre site in Garston, Liverpool, for £4m. The open storage strategy will focus on assembling a geographically and occupationally diverse portfolio of sites, with the aim of generating a secure income profile, while adding value through active asset management initiatives. Moorfield is the majority investor…

Global Real Estate Investment Firm Heitman has invested an undisclosed amount in an Irish self-storage business. Heitman said it has invested in U Store It and plans to help expand the self-storage platform across Ireland and Northern Ireland. U Store It has six locations across four cities: Dublin, Belfast, Cork, and Waterford, and has plans to develop two additional sites in Dublin and Belfast. Caleb Mercer, Heitman’s managing director of European real estate Investment, said: “We are pleased to invest in the U Store It platform and to work with…

Swindon’s former Debenhams store could be turned into a 200,000 sq ft of storage place under new plans. A proposal has been submitted in a joint application by current owners Meadow Partners and inner-city self-storage operator StoreAway to repurpose the building. Under the plans, the now-closed department store would be replaced with 900 lockers inside the building. The building has been vacant since 2020. According to StoreAway, the acquisition would be part of a UK drive to transform more than a quarter of a million sq ft of redundant retail…