Category: Recent Transactions

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.…

Stor-Age Continues To Add To Its UK Portfolio With R1.2 Billion Deal

Secures third storage-group acquisition in that country in its current financial year. Cape Town-based self-storage property fund Stor-Age has secured a UK-based storage group, Storagebase, for a purchase deal of £59 million (around R1.15* billion) to scale up operations in its existing UK portfolio, Storage King. The real estate investment trust (Reit) announced on Tuesday that this is its third acquisition in the UK within the current financial year and that the deal will see it add four more properties to its portfolio. The three acquisitions represent nine properties in…

H.I.G. Realty Recapitalizes Self Storage Platform in the UK

H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with over $47 billion of equity capital under management, announced today that an affiliate has acquired an interest in Titan Storage Solutions (“Titan”), a fast-growing self-storage operator and owner of 5 assets for a total of 142,000 sq. ft. Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty in London, commented: “We are delighted to complete this transaction in line with our strategy of investing in platforms with strong underlying secular trends. With platforms in the cold-storage, film-production, and…

Stor-Age Expands In The UK

Stor-Age previously released a cautionary announcement on 20 January that included far more details than most cautionary do. The company put forward a proposed deal in the UK for four self-storage properties with a total purchase price of GBP37.5 million. The rationale for disclosing the details becomes clear if you look at what else happened that day: a bookbuild to raise R575 million on the market. That capital raise was multiple times oversubscribed and the shares were placed at a discount of just 0.9% to the 30-day volume-weighted average price…

Lok’nStore Strikes £39M Sale And Manage-Back Deal

Lok’nStore has agreed on the sale and manage-back of four of its freehold sites in a deal worth £39m. Self-Storage Trading LLP – an institutional managed-store client – is behind the acquisition, which concerns stores in Basingstoke, Cardiff, Horsham, and Portsmouth. These will remain branded Lok’nStore operations maintaining the operational footprint of the business. The net proceeds of the sale will be “recycled quickly” into new stores. Lok’nStore already has three further sites with lawyers and a number of other opportunities progressing. Executive chairman Andrew Jacobs said: “This transaction, at…