Category: Recent Transactions

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a new-build property in Gardermovegen in Nannestad, Norway. The transaction has a property value of NOK 11.5 million, with an estimated lettable area of 1050 square meters. The facility is projected to open during Q3 2022. The property in Gardermovegen will be operated under the OK Minilager brand. “The property is located in Øvre Romerike, a region north of Oslo with strong growth. The location has easy access from main roads, close to Jessheim. This…

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Lundevegen 10 in Vennesla, Norway. The transaction has a value of NOK 6.2 million. The property has a potential lettable area of 800 square meters. The facility is projected to open in Q3 2022 and will be operated under the OK Minilager brand. “The property is located in Vennesla, 20 minutes from Kristiansand. With this investment OK Minilager will exceed 10 facilities in the county of Agder, strengthening our number one position…

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Deliveien 21 in Vestby, Norway. The transaction has a value of NOK 15.6 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. “The property is located in Vestby in Follo, 30 minutes from Oslo. The population in the region is growing, and the supply of self-storage in the area is limited.…

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Sørliveien 84 in Halden, Norway. The transaction has a property value of NOK 8 million, with an estimated lettable area of 1400 square meters. The transaction is expected to be closed during the 1st quarter of 2022. The property is a section in the same building where SSG owns and operates an existing facility under the City Self Storage brand. “With this acquisition SSG will get ownership of the whole building, enabling…

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Nordslettvegen 4 B in Trondheim, Norway. The transaction has a value of NOK 17 million. The property has a potential lettable area of 1550 square meters. The facility is projected to open in Q2 2023 and will be operated under the OK Minilager brand. “The property is located in Fossegrenda, just south of Trondheim City center. This is a central location, close to major residential and student housing areas in Trondheim. With…

LondonMetric Property (LondonMetric) has acquired two logistics warehouses for GBP135.6 million in separate transactions, reflecting a blended NIY of 4.2 per cent and a reversionary yield of 4.8 per cent. The properties generate a rent of GBP6.0 million pa with 100 per cent of the income benefiting from RPI linked rent reviews. The warehouses have a WAULT of 22 years and comprise: • c700,000 sq ft, acquired for GBP97.0 million at a NIY of 4.0 per cent and let to a high quality occupier for another 23 years at a…

Nuveen Real Estate, an American asset manager and subsidiary of financial-planning firm TIAA Investments, has entered the European self-storage sector with the purchase of a majority interest in Green Storage in Greater Stockholm, Sweden. The seller, Green Group, will retain a minority interest in the portfolio that includes 14 facilities, six of which are under development, according to the source. “Nuveen is focused on expanding into the real estate alternative sectors, with self-storage considered one of the winning subsectors in Europe given low levels of supply, proven resilience during times…

A self-storage specialist has opened the doors on its fifth centre – the second it has opened since the coronavirus outbreak. McCarthy’s Storage World has purchased Phoenix Retail Park in Huddersfield, which is also home to furniture store DFS, as part of a £5m investment. The firm has converted an empty retail unit into 30,000 Sq Ft of storage space, with capacity for significant expansion and suitable for both business and personal storage use. Units range in size from 10 Sq Ft to 3,000 Sq Ft. An on-site shop will…

Self Storage Group ASA has entered into an agreement to acquire a land property in Kampenesmosen in Sarpsborg, Norway. The transaction has a value of NOK 4.6 million. Self Storage Group will develop the plot into a purpose-built self-storage facility with a potential lettable area of 2000 square meters (21,527.82 Sq. ft.). The facility is projected to open in 2023, and will be operated under the City Self Storage brand. “The property is located in Sarpsborg in Viken county. The Sarpsborg/Fredrikstad region is the 5th largest metropolitan area in Norway.…