Stor-Age Property Reit Limited – Voluntary Announcement – Nuveen Joint Venture and Easistore Acquisition (UK)

We’ve built a strong foundation in the UK under the banner of our Storage King brand, which is enabling us to pursue significant growth on all fronts in a nimble manner. Our JV with Nuveen and the acquisition of Easistore demonstrate the strength, competitiveness and sophistication of our platform. The Easistore acquisition represents the third, four-store portfolio that Stor-Age has either acquired or part-acquired in the UK in the last 15 months. The current 35 properties either owned or managed and trading under the Storage King brand are scheduled to…

Shurgard Self Storage S A: Signs Purchase Agreement in Amsterdam North

  The future c. 5,400 sqm self storage property is set to open towards the end of 2024 and will become an extension of another Shurgard facility next door. It will offer approximately 750 self storage units to the nearby residential areas and business customers.” Shurgard Self Storage Ltd (“Shurgard”): Shurgard signs new purchase agreement in Amsterdam area (Randstad, The Netherlands) Shurgard, the largest developer, owner and operator of self storage facilities in Europe has signed a new land purchase agreement in the north of Amsterdam and expects to obtain…

Henfield Storage Providing Storage Services In London

  Henfield Storage offers multiple options for storage, making them the ideal choice for anyone moving overseas to London.” Wimbledon, London based Henfield Storage is helping their community choose the right storage facilities when moving overseas to London. Henfield Storage is itself a family-owned self storage company that operates as part of a successful business group that has been running for over 40 years. Anyone can get in touch to utilize the company’s London storage solutions. Ben Sutton Jones from Henfield Storage says, “Moving overseas can be a daunting task…

Stor-Age Boosted By Strong Rental Growth, Low Churn – With Five New Facilities Being Built

  In the UK, the group plans to develop five new properties, at a cost of £64 million (roughly R1.44 billion). This will add an estimated 270 000 square feet (about 25 110m2) in the gross lettable area to the portfolio.” Stor-Age, SA’s biggest self-storage property fund, says customer churn levels remain below pre-pandemic levels, while average rent climbed by 7.3% in South Africa, and more than 8% in the UK over the past year. Valued at about R5.9 billion on the JSE, Stor-Age’s portfolio comprised 86 self-storage properties across…

Self Storage Market of the Month: Milton Keynes, UK

StorTrack’s featured market this month is Milton Keynes, England. Milton Keynes is a city and the largest settlement in Buckinghamshire, England. Milton Keynes is among the most economically productive localities in the UK. It has the UK’s fifth-highest number of business startups per capita. It is home to several major national and international companies. How is Milton Keynes as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to look at some metrics to analyze its potential as a self-storage investment.…

Self Storage Group ASA – Acquisition of property in Kristiansund, Norway

  We are pleased to announce the acquisition of this property in Kristiansund. The property has a great location, close to the airport, and only a few kilometers from the city center. Following this acquisition, SSG will have two facilities in Kristiansund, and a total of 5 facilities in the Møre and Romsdal region. This acquisition is in line with our strategy to grow our freehold portfolio in selected markets. The demand for self storage is growing, and the demand has proven to be resilient during previous recessions. Especially urbanization…

Self Storage Group ASA – Acquisition of landmark property in Malmö, Sweden

  We are pleased to announce this acquisition, which is our 2[nd] property acquisition in Malmö this year. The property has a central location with unique visibility from main roads. This acquisition is in line with our strategy to grow organically in the Swedish market. The property will give SSG a strong footprint in the Malmö, Sweden´s 3[rd] largest city” Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Lundavägen in Malmö, Sweden. The transaction has a value of SEK 39,8…

Self Storage Group ASA – Acquisition of property in Randers, Denmark

  We are pleased to announce this acquisition in Randers, Denmark´s 6[th] largest city. The property has a great location, just north of Randers city center. The property will be the 10[th] SSG freehold facility in Denmark, and our 2[nd] location in Randers. This acquisition is in line with our strategy to grow organically in the Danish market. There is a growing demand for our services, as urbanization and smaller living spaces cause an increasing need for external storage solutions” Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered…

More Than 70,000 Sq Ft of New Energy Efficient Warehouse Space in Birmingham on the Way

Several of the units have already been pre-let to occupiers including self storage operator SureStore, which has taken the largest 17,222 sq ft building.” More than 70,000 sq ft of energy efficient warehouse and trade counter space is set to be created in a prime roadside location in Birmingham. Legal & General’s IPIF Fund and Prime Box have secured planning permission to deliver Prime Park on a 3.4-acre brownfield site off Hamstead Hill in Hamstead, just four miles north of Birmingham City Centre. Located next to a new Lidl superstore,…

Padlock Partners UK Fund III Completes Acquisition of Southend-On-Sea Self Storage Property

Padlock Partners UK Fund III (the “Trust”) announced today that it has successfully completed the acquisition of the freehold interest in the land and building at 53-57 Sutton Road, Southend-on-Sea, SS2 5PB, (the “Property”) in the United Kingdom for £4,404,500.” The Property is an existing four-storey building with expansion approvals for self storge in the busy seaside community of Southend-on-Sea, which is located 40 miles east of London with direct links to the city. The purchase and conversion to self storage present a unique prospect of being one of the…