Post reporting period, Big Yellow opened new stores in King’s Cross in London and began work on new stores in Leicester and Slough, bringing the number of stores in the group’s pipeline to 11.” Self-storage company Big Yellow Group PLC (LSE:BYG)’s first-quarter trading statement detailed positive near-term growth and a strong pipeline of store openings on the horizon. Total revenues for the quarter hit £48.1mln, a 6.7% increase compared to the first quarter of 2022. Revenues increased 5.4% on a like-for-like basis when stripping out the impact of new store…
Cinch Self Storage Opens 13th Site
Cinch Self Storage has opened a new site in Essex offering 55,000 sq ft of lettable space. The Cinch Storage Brentwood facility opens following the conversion of an industrial unit, and the store has been equipped with security features and amenities across its 500-plus units. The store will also provide more than 2,000 sq ft of small office space. Cinch Storage has facilities in Enfield, Sittingbourne, Bicester, Brighton, Chippenham, Gillingham, Huntingdon, Leighton Buzzard, Letchworth, Mitcham, Newbury, and Newmarket. The Brentwood facility is Cinch Storage’s second store to open in 2023,…
Sidmouth: New ‘Secure and Convenient’ Self Storage Facility Opens at Former Auction House
If you are looking for a safe and handy place to store your belongings when space is short at home, then head for the new self-storage units in Sidmouth. Former auction rooms in Sidmouth have been transformed into ‘convenient and secure’ storage units – now open to the public and taking bookings. Dry, clean, with controlled access and plenty of parking, the 27 self-storage units offer long or short-term solutions. The new self-storage facility has opened in Sidmouth, and offers residents a convenient and secure place to store belongings. The…
Green Light for Self Storage Firm to Create Jobs in Nottingham
Up to eight new jobs are set to be created in Nottingham by a self-storage firm. Loft Self Storage has had its plans have been approved for the transformation of a former car showroom, garage and petrol station on Portland Road, Hucknall into a self-storage facility. Speaking about the upcoming project, Loft’s managing director, Nick Wiliams, said: “We are absolutely delighted to have been granted permission to change the use on Portland Road. We plan on creating a much-needed self-storage area for all people who need that extra little…
Self Storage Group ASA – Acquisition of Property in Gjøvik, Norway
Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property under development in Skjerven næringspark in Gjøvik, Norway. The transaction has a value of NOK 18.9 million and the property has a potential lettable area of 1400 square meters. The facility is projected to open in the first half of 2024 and will be operated under the City Self-Storage brand. We are pleased to announce the acquisition of this property, which will be our 2nd facility in Gjøvik. With this acquisition, we strengthen…
Devon Self Storage Company Expands With Fourth Site
Truro-based Ignition provides financial support to SMEs via commercial loans for specific business purposes, or by financing a wide range of business assets including vehicles, machinery and equipment. It was able to assist Your Super Storage with finance for 22 new storage units for the new site, worth £65,000.” A South West self-storage company has expanded and opened a fourth site in the county. Devon-based Your Super Storage has expanded with help from asset finance provider, Ignition. With three existing storage sites in and around Teignmouth and Totnes, Your Super…
Oaknorth Bank Backs Acquisition of Self Storage Provider
While details of the deal first emerged last week, OakNorth has now revealed that it provided a £377m load to UK Storage Company as part of the deal.” OakNorth Bank has revealed its role on one of the UK’s largest independent self-storage providers being bought by an investor syndicate. Originally focused in the South West, the UK Storage Company has a portfolio of 28 well-invested sites comprising both leasehold and freehold properties that consist of 11,000 storage units. Founded in 2005, the business has expanded its geographic presence through a…
More Than 70,000 Sq Ft Of New Warehouse Space on the Way – SureStore Taken the Largest single Sq Ft Building
Construction has started on Prime Park, a development of more than 70,000 sq ft of energy-efficient warehouse and trade counter space in Birmingham. Legal & General Investment Management’s specialist industrial fund IPIF and development partner Prime Box are delivering the development on a 3.4-acre brownfield site off Hamstead Hill, just four miles north of Birmingham City Centre, with completion set for spring 2024. Located next to a new Lidl superstore, the scheme will comprise 10 units ranging from 1,690 sq ft to 28,416 sq ft. Several of the units…
Self Storage Facility on Former Regency Laundry Site Approved
Plans for a new self-storage facility in Bath that could help support 100 jobs have been given the go-ahead. Vanguard was granted planning permission to redevelop the former Regency Laundry site on the Lower Bristol Road at Bath and North East Somerset Council’s planning committee on Wednesday 28th June. Head of property at Vanguard, Mike Lamplough, told the committee that the facility would help to tackle the “chronic shortage” of industrial space in Bath. He said: “Self-storage is very attractive to business customers. At our Bristol store which we built…
Shurgard Self Storage SA : Signs New Purchase Agreement in the London Area
Shurgard Self Storage Ltd (“Shurgard”) Shurgard signs new purchase agreement in the London region (south-west) Shurgard – the largest developer, owner and operator of self-storage facilities in Europe – has signed a new land purchase agreement for a building located in the London region and expects to obtain a planning permission in the coming months. This future c. 7,400 sqm self-storage property is set to open in the first quarter of 2025. The new freehold purpose-built facility will offer over 1,100 self-storage units (spread over four floors) to the nearby…