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 and smaller living spaces cause an increasing need for external storage solutions says Fabian Søbak”, Chief Executive Officer of Self Storage Group.
Self Storage Group ASA engages in the business of renting out self-storage units to both private individuals and businesses through the two concepts; OK Minilager and City Self Storage. The company is one of the leading self-storage providers in Scandinavia with a particularly strong position in the Norwegian market. Self Storage Group operates 131 facilities across Scandinavia with a current lettable area of 180 500 square meters as of Q2 2022.
