Category: Recent Transactions

Scottish Based Kangaroo Self Storage Acquires Carlisle Storage Site

A Scottish-based business has recently expanded by acquiring a new storage site in Carlisle. Kangaroo Self Storage has now possessed the Carlisle site of Box Clever Cumbria Limited. Within a short space of time, the Carlisle site will be rebranded to Kangaroo Self Storage Carlisle. Chris Stevens, CEO of Kangaroo Self Storage, said: “I am really pleased to have found a like-minded business in Box Clever Cumbria Limited, and the addition of Carlisle as a location makes strategic sense to our existing portfolio of storage centres. “The Carlisle store’s highly…

Lindsey Self Storage Group Brokers The Sale Of Grand Sud Box (France) To Europa Storage Group

Europa Storage Group (ESG), a subsidiary of Volta Global, is a pan-European storage platform that acquires, builds, invests, and operates high-quality, durable self-storage businesses, is pleased to announce the purchase of Grand Sud Box, located in the Six-Fours-les-Plages, France. Drawing on the group’s prior self-storage acquisition and development experience in the United States, and with permanent capital funding from Volta Global, Europa Storage Group has become a leading self-storage operator throughout Europe. This transaction was facilitated by John Lindsey and Pieter Ligtvoet, of Lindsey Self Storage Group – A firm…

Big Yellow Sells Industrial Warehouse Scheme For GBP 61 Million

Big Yellow PLC on Monday said it has conditionally sold its industrial warehouse scheme in Harrow, London. The self-storage facilities operator has conditionally agreed to sell the industrial warehouse for gross proceeds of GBP61 million. Big Yellow said that completion of the sale was dependent on practical completion of the development, and is expected to occur in August. The company added it has deployed about GBP27 million of capital expenditure to date with a cost to complete of about GBP 4.5 million, totaling GBP 31.5 million including the cost of…

Valor Extends London Last Mile Footprint With c. £70 Million Buy

Valor Real Estate Partners has acquired two urban logistics estates, located in Mitcham and Watford, for a total consideration of c. £70 million, from DTZ Investors. In Mitcham, South London, Valor has completed the acquisition of a 105,000 sq ft multi-let industrial estate on Mitcham Industrial Estate. It occupies a prime last-mile logistics location on the A216, providing direct access to the A23 and A24 in less than 10 minutes’ drive. Currently, 72% occupied by tenants spanning the self-storage and DIY sectors, it offers a mix of strong day one…

Lindsey Self Storage Group Brokers The Sale Of Mini-Opslag Helmond To Europa Storage Group

Europa Storage Group (ESG), a subsidiary of Volta Global, is a pan-European storage platform that acquires, builds, invests, and operates high-quality, durable self-storage businesses, has completed the acquisition of its 20th self-storage facility through the purchase of Mini-Opslag Helmond in the Netherlands. The facility is located in the Helmond region of the Netherlands and offers storage spaces from 4.5 to 80 m³. The newly acquired portfolio will be re-branded and fully integrated into the existing 1 BOX Self Storage brand that ESG currently operates across the Netherlands and has plans…

Padlock Partners UK Fund I Completes Disposition Of Newmarket Self-Storage Property

Padlock Partners UK Fund I (the “Trust”) announced today that it has successfully completed the sale of a newly developed self-storage property located in the United Kingdom (the “Newmarket Property”) to a subsidiary (the “Buyer”) of Padlock Partners UK Fund II (“Padlock II”) for an aggregate purchase price of approximately £6,680,000. The Newmarket Property was sold by a subsidiary of the Trust (the “Seller”) to the Buyer pursuant to a share purchase agreement, whereby the Buyer agreed to acquire 100% of the outstanding shares of a subsidiary of the Seller…

Self Storage Group ASA – Acquisition Of New Property In Porsgrunn, Norway

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement with Mittegetlokale AS to acquire a property under development in Porsgrunn, Norway. The transaction has a value of NOK 17.8 million. The property has a potential lettable area of 1500 square meters. The facility is projected to open in Q1 2023 and will be operated under the City Self Storage brand. “We are pleased to announce this acquisition in Porsgrunn. SSG recently announced the acquisition of a property in Skien, and with this investment in Porsgrunn, we…

Arrow To Develop €20m Industrial Park In Ludwigsfelde, Germany

Arrow Capital Partners has acquired a 24,581 sqm commercial and industrial site in Ludwigsfelde, southwest of Berlin, to develop into a modern industrial park with a gross development value of ca. €20 million. This deal together with the recent acquisition of a brownfield site in the industrial harbour of Bremen highlight an expansion of the group’s broader European urban logistics development portfolio, which includes around €150 million of projects in Germany and €1 billion across the rest of Europe in the UK, Netherlands, Poland, Germany, Spain, and Italy. Commenting on…

UK Self-Storage Operator Safestore Buys Full Equity In JV Properties From Carlyle

U.K.-based self-storage operator Safestore Holdings PLC has acquired the remaining 80% equity in its joint venture (JV) with global private-equity firm The Carlyle Group for €67 million. The portfolio of 15 self-storage facilities in Belgium and the Netherlands comprises 592,000 square feet. The partnership had an enterprise value of €146 million, according to a press release. Safestore formed the JV in 2019 to acquire the six-property M3 Self Storage portfolio and enter the Dutch market. That purchase was followed by the six-property Lokabox self-storage portfolio in Belgium in 2020 and…

Acquisition Of Storagebase Adds 300,000 Sq Ft To Storage King’s UK Portfolio

Frome-headquartered self-storage operator Storagebase has been acquired by leading UK self-storage group Storage King, in a deal led by FRP Corporate Finance. Storagebase’s assets, which include four high-quality storage facilities in the south of England will now be operated by Storage King – which is owned by South Africa’s largest self-storage company, Stor-Age Property REIT Limited, which owns over 80 self-storage assets in South Africa and the UK. The acquisition includes more than 300,000 sq. ft of space, including a new 102,000 sq. ft facility under construction in Amesbury, Wiltshire.…