Padlock Partners UK Fund II Completes Acquisition Of Houghton Regis Property

Padlock Partners UK Fund II (the “Trust”) announced today that it has successfully completed the acquisition of the freehold interest in the land and existing building at Cemetery Road, Houghton Regis LU5 5BJ in the United Kingdom (the “Houghton Regis Property”) for £2,300,000. 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 35,000 net rentable square feet of Class A self-storage space. Total deal capitalization is £3,650,000 inclusive of…

Huge Self-Storage Hub In Bath To Open After Firm Secures £5.2 Million Investment

Self-storage operator StoreAway has secured a £5.2m investment to open a new storage facility in the centre of Bath. The facility – located in a former furniture storage building – is the fourth opened by the firm StoreAway. The 27,000 sq ft facility on London Road will be home to 245 lockers across two floors in a building that was formerly used as a furniture storage depositary. StoreAway said the move was part of a drive to reinvent more than 250,000 sq ft of redundant retail space across UK high…

Shurgard Self Storage S A : Shurgard Opens New Self-Storage Property In Randstad-Rotterdam

Shurgard opens new self-storage property in Randstad-Rotterdam (the Netherlands). LUXEMBOURG – Shurgard, the largest developer, owner and operator of self-storage centers in Europe – is pleased to announce the opening of its new self-storage facility in Capelle aan den Ijssel, just east of Rotterdam. • This brand-new c. 4,500 sqm building is offering approximately 700 dry, clean and secure selfstorage units spread over two floors. • Shurgard Capelle Molenbaan nicely complements our Capelle Dalkruidbaan property in the direct vicinity, from which it will be remotely managed. • With its large…

Shurgard Self Storage S A : Opens New Self-Storage Property In Dusseldorf

Shurgard opens new self-storage property in Düsseldorf (Germany) LUXEMBOURG – Shurgard, the largest developer, owner, and operator of self-storage centers in Europe – is pleased to announce the opening of its new self-storage facility in Düsseldorf. This brand-new c. 4,500 sqm building is offering approximately 600 dry, clean and secure self-storage units spread over four floors. Located near the airport, Shurgard Düsseldorf Rath offers many benefits for private and professional customers, including convenient access, an easy (un)loading area, and excellent customer parking. Direct project cost (excl. absorption cost) amounts to…

Four-Storey Halesowen Office Building Sold For £1.8 Million

An office building that has stood vacant for a number of years on Dudley Road, Halesowen, has been purchased for £1.8 million. Lygon Court, which occupies a prominent position on the corner of the A459 Dudley Road and Hereward Rise, near Halesowen town centre, was sold by Siddall Jones on behalf of a local property investment company. The four-storey property, which was built in 1971 and has a net internal area of 20,000 sq ft on 1.53 acres and comes with 92 parking spaces, was bought by a developer who…

Irish Self Storage Group In Multi-Million Pound Northern Expansion

Irish self-storage company U Store It is preparing to open a major new site in Belfast as part of a multi-million-pound expansion north of the border. The five-storey mega unit, just off Kennedy Way in west Belfast, is expected to open by the end of the year, offering between 1,500 and 1,600 storage units for consumers and small businesses. It comes just weeks after Ireland’s biggest self-storage company was acquired by US real estate group Heitman. The investment manager is paying €104 million (£90m) for U Store-it’s existing sites in…

Self Storage Group ASA – Acquisition Of Land Plot In Hønefoss, Norway

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a land plot at Kilemoen in Hønefoss, Norway. The transaction has a value of NOK 3.4 million and the land plot has a gross area of 4670 m2. “We are pleased to announce this acquisition, adding an additional property to our land bank. This land plot will be developed with drive-up self-storage units. Following this acquisition SSG will have 3 sites in the Hønefoss region. There is a growing demand for our services, as urbanization…

Bellview Transport Expands Self-Storage Services In Oxford

Bellview Transport, a top-rated removal company in Oxford is pleased to announce that they have expanded self-storage services. The family-run business has expanded over the years to cater to different kinds of removal, moving, and storage services. Sometimes people need extra space either because they are on a de-cluttering spree, downsizing, or simply want to free up some space in their homes. Self-store is a service that helps people get that extra space for both the short and long term. The storage units in Oxford can be used to store…

Farm Storage Business To Expand Despite Wildlife Concerns

A farm next to fenland in Barnham Broom will be allowed to expand its storage container business in response to an increase in demand. Barn Own Farm will be allowed another 54 self-storage units on its property, bringing the total number to 129. A planning application submitted by the farm, located off Bell Road, said the containers were needed to meet demand. Three neighbours raised concerns about the plans, which they feared would harm wildlife at the fen, and raised concerns about the visual impact. However, these were dismissed by…

Preston Church Plans To Convert Part Of Its Building Into A Retail And Storage Facility

The Potters House church off Garstang Road has plans to convert part of its building into a retail and self-storage facility. The planning application for a change of use of the first floor from place of worship (Class F1) to retail/storage (Class E/Class B8) at 21 Garstang Road was registered on August 3, 2022, to Preston City Council. Pastor Colin Mclaren said: “The ground floor of the premises is currently used for selling paint & decorating equipment. The first floor is currently used for our church D1.” The proposed hours…