Stor-Age Outshines Other JSE Property Competitors, Continues To Experience Strong Growth

STOR-AGE, South Africa’s largest self storage property fund, lifted its interim dividend 8.85 percent to 56.60 cents per share after it continued to outperform other listed property companies on the JSE in the six months to September 31, 2021. The results were driven by strong demand, growth in occupancy and rental rates, and disciplined cost control at a property level, said chief executive Gavin Lucas. He said even though the business model was tested over the past 18 months, “we made progress in all areas of our strategy: organic growth,…

Self Storage Group ASA – Acquisition Of New Property In Sarpsborg, Norway

Self Storage Group ASA has entered into an agreement to acquire a land property in Kampenesmosen in Sarpsborg, Norway. The transaction has a value of NOK 4.6 million. Self Storage Group will develop the plot into a purpose-built self-storage facility with a potential lettable area of 2000 square meters (21,527.82 Sq. ft.). The facility is projected to open in 2023, and will be operated under the City Self Storage brand. “The property is located in Sarpsborg in Viken county. The Sarpsborg/Fredrikstad region is the 5th largest metropolitan area in Norway.…

Open For Business: Edinburgh’s Largest Outdoor Container Storage Facility Plans To Double In Size

Sterling Sinclair Removals (SSR) has opened Edinburgh Self Store, the city’s largest outdoor container storage facility. Covering a 1.4-acre site close to the city centre, Edinburgh Self Store is located less than a mile from Haymarket – making it handy for people living within and outside the Capital. The facility has 100 units in place at the moment, with plans to more than double this number to 270. Each unit measures 1200 cubic feet, enough to store the equivalent of the contents of a 3-bedroom property. The watertight containers all…

Woking

Using the Market Discovery Data Tool from StorTrack Explorer, we were able to view market data for Woking, a town in northwest Surrey, England. Despite downward trending rental rates of 8% throughout the past three months, the city has seen increasing rates over the past year by 4.5%. Additionally, there are only three stores in the city and no known development projects in the pipeline. To view additional metrics and learn if this area presents a viable investment opportunity, visit the link labeled “Click Here to View Market Information“.

Crossbay Expands into Poland with Double Acquisition in Łódź and Warsaw

Crossbay, the European urban logistics platform set up by real estate investment manager Mark, has made its first acquisitions in Poland with the purchase of two sites in Warsaw and Łódź. The two sites, which represent almost 100,000 m2 of warehouse space have a combined GAV of €95 mln and were acquired from Panattoni Europe for an undisclosed sum. The deals are a part of Crossbay’s €1.5 bn AuM pan-European expansion strategy. Our entrance into Poland through this double acquisition of two prime assets demonstrates our ambition to become Europe’s…

CBRE IM Sells Industrial Asset in Belgium

CBRE Investment Management, on behalf of a fund it sponsors, has sold Aarttselaar Business Park in Antwerp, Belgium, for an undisclosed amount. The light industrial asset was acquired by the real estate department of the family office investor, Baltisse. Following the successful execution of the business plan, recent leasing successes and the high investor demand for industrial assets, the timing was right to sell this asset.” The property comprises a light industrial, 36,288 m2 complex of warehouse and offices divided over two separate buildings. It was built in 1975 and…

StorTrack Releases ‘StorTrack Explorer’ to Offer Self Storage Professionals Free Access to Interactive Data Map for All Markets

StorTrack, the premier international self storage data company, recently launched ‘StorTrack Explorer’ which offers an interactive map, improved user search experience and new formatting for accessing primary, secondary and tertiary market analytics on over 58,000 existing facilities and nearly 2,000 development projects in the US, the UK and Canada. Self storage investors and developers can choose from free, basic or unlimited account options. Free accounts have access to StorTrack Explorer’s mapping tool and can view net rentable square footage, square feet per capita, existing facilities, population metrics, average rates per…

Aviva Investors Provides Further £50 Million to Self Storage Firm Big Yellow Group

Aviva Investors, the global asset management business of Aviva plc, announces that it has completed a further £50 million financing agreement with Big Yellow Group, the UK-based self storage company, as it continues to expand its sustainability-linked financing programme. This facility includes a set of sustainability goals and indicators which are ambitious and fully aligned with our Sustainable Transition Loans framework, as we continue to seek ways of making sustainability a more material consideration for borrowers and support the transition towards a low-carbon future.” The loan, a seven-year facility, is…

The Role of Property in Portfolios Today

Investors in UK commercial property have experienced a rollercoaster ride over the past 18 months. When Covid-19 took hold in March of last year, the picture looked bleak, to say the least: as the UK went into lockdown, several sectors stepped into the unknown. The UK’s largest open-ended direct property funds suspended trading, while commercial property real estate investment trusts (REITs) swung to big discounts as panic set in. This was reflected in the FTSE Epra Nareit UK index, which plunged 32% between 1 February and 20 March 2020. More…

Quick Self Storage Expands with Darlington Acquisition

Quick Self Storage has acquired the Darlington site and operations of Dainton Group Services. The company appointed PKF Smith Cooper to assist with identifying and unlocking potential acquisition targets as part of a company-wide push focused on established storage operations. The firm supported Quick Self Storage in defining the acquisition strategy, identifying key targets, unlocking deal opportunities, and project managing the transaction through to completion. As part of this role, PKF Smith Cooper developed a database of self storage operations across the UK, which led to the acquisition of Dainton’s Darlington site.…