Cinch Self Storage, a leading self-storage company in the UK, announces the opening of its 14th site in Earlsfield, London. The store, which boasts 25,000 sq ft of lettable space, opens following the regeneration of an unused brownfield site, with a number of environmentally-friendly features implemented to ensure the long-term operational sustainability of the facility. Measures include: Renewable energy use: The site boasts 136 solar panels generating 55.76 kWp of electricity. Water efficiency: The facility is equipped with low-use appliances and control devices to conserve water consumption. A green roof…
Cheltenham Gym Closing Soon After Self-Storage Units Get the Go-Ahead
A gym in Cheltenham has been given the green light by council planners to be converted into self-storage units following a drop-off in membership. With planning permission now granted, Welcome Gym on Grosvenor Terrace will close in a matter of months. The space occupied by the gym will be taken over by the only other business at the location. StoreAway Self Storage, which will convert the remaining gym space into further storage units. An exact date for the closure has not been given, but it is expected the health and…
Padlock Partners UK Fund IV Completes Acquisition Of Newbury Property
Padlock Partners UK Fund IV (the “Trust”) announced today that it has successfully completed the previously announced acquisition of a redevelopment property located in Newbury, United Kingdom for an aggregate purchase price of £9,185,000 (exclusive of closing costs), which was satisfied by way of cash from the proceeds of the Trust’s initial public offering (the “Offering”). On July 26, 2023, the Trust indirectly acquired a freehold interest in a self-storage warehouse property located in Newbury, United Kingdom (the “Newbury Property”). The Newbury Property currently comprises an existing three-storey warehouse with…
Buyer Explains What Will Be Built on A390 Land in Cornwall
We will offer a range of different size units from 25 sq ft (the size of a broom cupboard) to 250 sq ft (the size of a large double garage) there will be ten different sizes to choose from which, will be ideal for both business and private customers alike.” – Mark Lane, Britannia Lanes Acting on behalf of private vendor clients, Vickery Holman property consultants have recently sold 2.28 acres of freehold roadside development land in St Austell for an undisclosed sum to Britannia Lanes who were represented by…
Austringer Pivots to Self Storage at Blackpool Cinema Site
The developer has lodged an application with Blackpool Council to convert 30,000 sq ft of the 45,000 sq ft former cinema into a self-storage facility with Storage King lined up to operate it.” Having previously secured permission to convert the now-vacant Odeon at Festival Leisure Park into a family entertainment centre, the developer is now taking a different approach. A lack of interest from prospective leisure occupiers since consent for the change of use was granted last summer has prompted Austringer Capital to change tack. The developer has lodged an…
Shurgard Self Storage S A: Opens New Building in Randstad Region (Amersfoort)
Shurgard – the largest developer, owner and operator of self-storage facilities in Europe – is pleased to announce the opening of a new self-storage building located in Amersfoort (Randstad), and thereby reinforcing its position as market leader in the Netherlands. The opening took place on July 18, 2023 This brand new 3,100 sqm building offers over 400 dry, clean and secure self storage units spread over several floors The property is located on the business park “De Hoef” and benefits from high visibility from the main road of this industrial…
Padlock Partners UK Fund IV Completes Acquisition of Edmonton and Haverhill Properties
We are thrilled to be able to secure these properties for our continued expansion in the United Kingdom. Both the Edmonton and Haverhill properties are superb sites that will be a great addition to our self-storage portfolio of Class-A properties. We look forward to serving the neighborhoods and local areas with our unique brand of self-storage and lifestyle services,” – John Stevenson, CEO Padlock Partners UK Fund IV (the “Trust”) announced today that it has successfully completed the previously announced acquisition of two redevelopment properties located in Edmonton and Haverhill,…
Self Storage Company Reveals £3.5 Million Investment in Somerset
We will now be making a significant investment to rejuvenate the site, increasing the self-storage capacity from 7,000 sq ft to 37,000 sq ft and upgrading facilities. We will also be bringing our Squab workspace service to the site, providing flexible and bespoke accommodation as well as amenities and support to SMEs in a range of sectors.” – Alex Henney, Director of Squab A business centre and self-storage company has announced a £3.5m investment in Somerset. The Warwickshire-headquartered Squab Storage has completed the purchase of the Britannia Lanes in Bridgwater…
Lok’nStore Buys Eastbourne Site With Share Placing Funds
Self-storage operator Lok’nStore Group announced the first deployment of capital from its recent placing on Monday, as it acquired a new 60,000 square-foot freehold ‘landmark’ site in Eastbourne, Sussex. The AIM-traded firm said the move was the beginning of its expansion plans, following the significant injection of £19.8 million in funding. It said unconditional contracts for the new site had been exchanged, with the Eastbourne location providing an opportunity for the company to establish a presence in the Sussex region, catering to growing demand. In addition to the new acquisition,…
Yeates Celebrate First Anniversary Since Opening in Weston
We are delighted to marking our first year in Weston-super-Mare offering the quality services and customer care that is the core of our business and longevity. We have had a wonderful response from both self-storage and removal customers, and we would like to thank them for their continued support and goodwill.” – James Griffin, Managing Director and Fourth-Generation Owner – Yeates Yeates, a long-standing local business, has had a very eventful year as it marks one year since the launch of its £2.8 million removal and self-storage facility at Weston…