Category: Recent Transactions

Safestore Enters German Market Through Carlyle Joint Venture

Safestore Holdings PLC on Friday said it entered the German self-storage market through a new joint venture with investment firm Carlyle Group Inc. Safestore is a Hertfordshire, England-based self-storage provider. The FTSE-250 company said the joint venture has acquired the seven-store myStorage business as well as a freehold site in Rotterdam. Safestore’s initial investment in the joint venture is around EUR2.2 million for a 10% share. It will earn a fee for providing management services to the joint venture. Safestore added that it expects to earn an initial return on…

Squab Storage To Create £3.5 Million Suffolk Centre In ‘Growth Hotspot’

A business centre and self-storage company are set to launch a new 32,000sq ft facility in Stowmarket as it broadens out from its Midlands base. Squab Storage says the £3.5m building at Atex Business Park, off Gun Cotton Way, could be home to more than 100 small and growing businesses. The company – which is based in Warwickshire – currently has centres in Leamington, Evesham and Rubery in the West Midlands and houses more than 200 businesses across the three sites. Work has already started on its state-of-the-art building in…

Cinch Storage To Open In Watford At Former Mothercare HQ

A part of Mothercare’s former headquarters in Watford has been acquired in a £9m purchase. Mothercare announced in 2020 that it would be vacating its headquarters in Cherry Tree Road, near the Dome roundabout, as part of a cost-cutting exercise. The retailer’s former 34,000sq ft warehouse has been now purchased by Cinch Self Storage and Padlock Partners UK Fund III. There are plans to renovate the “incredibly desirable location” into a “first-class” self-storage site in 2023. Richard Owen, director at Cinch Storage, said: “The unit provided us with a unique…

Padlock Partners UK Fund III Completes Acquisition Of Woking Property

Padlock Partners UK Fund III (the “Trust”) announced today that it has successfully completed the acquisition of the freehold interest in the land and existing building at Forsyth Road, Sheerwater, Woking, Surrey GU21 5SB in the United Kingdom for £6,400,000. The purchase price was satisfied by way of cash from the proceeds of the Trust’s initial public offering. The Trust intends to convert and expand the existing warehouse into approximately 63,000 net rentable square feet of Class A self-storage space across 4 internal floors. The property is located in the…

Self-Storage Firm Eyes Growth With Acquisition

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…

1Box Self Storage – A Volta Global Company – Acquires Kubox And Kubox Home Delivery, Further Strengthening Its Leadership In The Netherlands

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…

Sale Of Killian Hill Storage, Lilburn, Georgia, Sold By Midcoast Properties, Inc.

Midcoast Properties, Inc. announces the recent sale of Killian Hill Storage, located in Lilburn, Georgia. Midcoast Properties represented the Seller, with Dale C. Eisenman, CCIM as the lead broker. The facility was sold to a regional investment company. Killian Hill Storage, 4139 Five Forks Trickum Rd. SW is situated on 2.06 +/- acres, currently featuring 27,970 +/- rentable square feet. The fenced facility is comprised of 10 self-storage buildings with 200 standard non-climate units plus parking and boasts over 90% occupancy. Amenities include perimeter fencing, gated keypad entry, ample lighting,…

Padlock Partners UK Fund II Completes Acquisition Of Houghton Regis Property

Padlock Partners UK Fund II (the “Trust”) announced today that it has successfully completed the acquisition of the freehold interest in the land and existing building at Cemetery Road, Houghton Regis LU5 5BJ in the United Kingdom (the “Houghton Regis Property”) for £2,300,000. The purchase price was satisfied by way of cash from the proceeds of the Trust’s initial public offering. The Trust intends to convert and expand the existing warehouse into approximately 35,000 net rentable square feet of Class A self-storage space. Total deal capitalization is £3,650,000 inclusive of…

Shurgard Self Storage SA : Signs A Land Purchase Agreement In Dusseldorf Region

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…

Moorfield And Peloton In Debut Acquisition For £100 Million Open Storage Joint Venture

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…