Padlock Partners UK Fund III Completes Acquisition Of Woking 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 existing building at Forsyth Road, Sheerwater, Woking, Surrey GU21 5SB in the United Kingdom for £6,400,000. The purchase price was satisfied by way of cash from the proceeds of the Trust’s initial public offering. The Trust intends to convert and expand the existing warehouse into approximately 63,000 net rentable square feet of Class A self-storage space across 4 internal floors. The property is located in the…

Self-Storage Firm Eyes Growth With Acquisition

A South East self-storage provider is set for further growth following the acquisition of a local competitor, with the support of a seven-figure finance package from Lloyds Bank. Cinch Self Storage is now set to operate the three new locations – formerly owned by PD Self Storage – in Gillingham, Sittingbourne and Mitcham. The acquisition caps off a period of significant growth for the business, with the trio of sites taking the total number of trading locations to 12. This figure – along with the company’s headcount of nearly 40…

Another Flintshire Self-Storage Site To Open In Buckley

One of the UK’s biggest containerised self-storage companies is opening a new site in Buckley. It will be Lock Stock Self-Storage’s seventh site in Flintshire, and their 25th storage park across North Wales and the borders. The new Buckley site is on Globe Way, on the town’s Spencer Industrial Estate, where they are in the process of installing 120 storage units, adding to their existing sites in Sandycroft, Saltney, Mold, and Flint. The new 10 and 20-foot units, in their distinctive dark green livery, are being trucked onto the new…

1Box Self Storage – A Volta Global Company – Acquires Kubox And Kubox Home Delivery, Further Strengthening Its Leadership In The Netherlands

Landmark Acquisition Expands the 1Box Portfolio to 28 Self-Storage Facilities Across the Netherlands, With an Eye for Further Growth. 1Box Self Storage, the Dutch affiliate of Volta Global’s 1Box Group self-storage platform in Europe, has completed the acquisition of Kubox, another leading self-storage operator in the Netherlands. This acquisition brings the 1Box Self Storage portfolio to a total of 28 operational facilities in the Netherlands and cements 1Box as a leading brand in the industry. “The Kubox acquisition is a major strategic milestone for 1Box that was years in the…

Sale Of Killian Hill Storage, Lilburn, Georgia, Sold By Midcoast Properties, Inc.

Midcoast Properties, Inc. announces the recent sale of Killian Hill Storage, located in Lilburn, Georgia. Midcoast Properties represented the Seller, with Dale C. Eisenman, CCIM as the lead broker. The facility was sold to a regional investment company. Killian Hill Storage, 4139 Five Forks Trickum Rd. SW is situated on 2.06 +/- acres, currently featuring 27,970 +/- rentable square feet. The fenced facility is comprised of 10 self-storage buildings with 200 standard non-climate units plus parking and boasts over 90% occupancy. Amenities include perimeter fencing, gated keypad entry, ample lighting,…

Safestore Expects Annual Earnings Rise Following Strong Third Quarter

Safestore Holdings PLC on Thursday said it expects to meet management guidance for its annual performance, following a strong third quarter from all businesses. For the three months that ended July 31, the self-storage space provider said revenue rose 15% to £54.7 million from £47.6 million the same period a year before. In the UK, Safestore’s revenue grew 12% year-on-year to £41.3 million, as the average storage rate rose 16% to £28.50. The smaller Paris business reported a 5.7% rise in revenue at £12.3 million, as the average storage rate…

Plans Approved For Development On Amble Industrial Estate

Plans for 19 container storage units on the Coquet Enterprise Park in Amble have been approved. North East Self Storage has been granted planning permission for the development on land currently used for open storage near the Southmead housing development. Each unit would provide 36sqm of floor space, 684sqm overall. They would have a steel-clad roof and concrete blockwork walls. The storage containers would be retained on the southern part of the site, with the number of containers reduced to 13. There were no objections to the proposal. James Hudson,…

Big Yellow Snaps Up Freehold Interest In Oxfordshire Site

Self-storage facilities operator Big Yellow Group said on Tuesday that it had acquired a freehold interest in a 1.8-acre site in Oxfordshire. Big Yellow stated it spent £13.5m on the asset – a site which it has traded for over two decades. The FTSE 250-listed firm added that the site includes two separately let buildings, which will provide vacant possession in 2030 and the opportunity to intensify use. Chief executive Jim Gibson said: “We have traded from this location for 23 years, and this continues our strategy of acquiring freehold…

Expansion For Century-Old Derby Storage Firm

Storage business B E Webbe has announced the biggest expansion in its 100-year history, with two new premises. A storage business has announced the biggest expansion in its 100-year history, with two new premises. B E Webbe have opened its second site in Derby and acquired £900,000 premises in Colwick, Nottingham, which will become its eighth self-storage depot. The 45,000 sq ft Derby depot in Alfreton Road will support the existing facility at the head office in Mansfield Road and double the capacity of its Derby self-storage units. The Colwick…

StoreAway Opens New Self-Storage Hub In Birmingham

A new self-storage facility has opened in Birmingham city centre. StoreAway has launched the 60,500 sq ft site in a former department store building in Corporation Street where it has 650 lockers across three floors. Built in 1955 for C&A, the building at 14-28 Corporation Street was home to Beatties until 2006 and more recently was used by now-defunct retailer JJB Sports and fitness chain EasyGym. The opening comes as part of the company’s plan to repurpose more than 250,000 sq ft of unoccupied retail and leisure space across the…