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 million and the property has a potential lettable area of 4700 square meters. The facility is projected to open in Q1 2024, and will be operated under the City Self Storage brand.
“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” 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 135 facilities across Scandinavia with a current lettable area of 185 800 square meters as of Q4 2022.
