Author: Shinil

London Investor Buys Self-Storage Firm in York [England]

A London-based private equity real estate investor has acquired and rebranded Greenspace Self Storage as part of its ongoing redevelopment of York North Business Park. Located close to the outer ring road and Clifton Moor in York, Greenspace Self Storage is a 28,500 sq ft facility that serves home and business storage users with a comprehensive range of self-storage units, from 20 to 255 sq ft. The rebrand by new owner Paloma Capital will reposition the business in line with its overall transformation plans for York North, formerly known as…

Lock Stock Self Storage Expands With New Site in Runcorn [England]

A self-storage company has expanded its footprint with a major acquisition. Lock Stock Self Storage has purchased U Lock It in the north west, adding three locations to its network, including a site in Runcorn. The other newly acquired sites are in Lostock and Wincham. Mike Trow, operations manager at Lock Stock, said: “This is a significant investment for us and something we’re really pleased to have now completed. “We’ve worked with U Lock It over the last few months to ensure a smooth transition for customers and everything is…

Heitman Finalizes Development of Self-Storage Facility in Dublin [Ireland]

Heitman LLC (“Heitman”), a global real estate investment management firm, today announced the completion of an approximately 150,000 square foot self-storage facility in Liffey Valley, Dublin. This development further establishes U Store It as a leading provider of self-storage facilities across Ireland. Heitman acquired U Store It in 2022, as part of its global core plus strategy, and has grown the business from six to nine assets across Ireland. The new Dublin facility comprises more than 2,500 high-quality storage units designed to accommodate a range of personal, commercial and specialist…

Self-Storage Units Planned for Unused Land in Innerleithen [Scotland]

A borders removals and storage company has put expansion plans on the agenda. Second To None: Removals & Storage is a well-established Innerleithen business providing removal services all over Scotland and the north of England as well as storage facilities for furniture and household items within its existing shed. The company provides secure storage space in large wooden boxes within their existing shed for people who are between houses or are temporarily living abroad or elsewhere, to provide storage of their furniture and household effects pending a return. Now, an…

Cinch Self-Storage Facility Opened By the Mayor in Wisbech [England]

A storage facility part of a multi-million pound development has officially opened in Wisbech. The town’s mayor, Cllr Janet Tanfield, was at the opening of Cinch in Cromwell Road to perform the ribbon-cutting ceremony. Cinch is located on what is known as the Century Place development, a £7million project completed by Urban Associates. The self-storage business is located next to a newly opened Starbucks on the site, which was previously a redundant horticultural nursery. Starbucks officially opened last week. Cinch was handing out goodie bags to customers and potential clients…

Lock Stock Self Storage acquires competitor U Lock It in Wincham [England]

A growing self-storage firm looking to expand into Cheshire has taken over one of its competitors, acquiring its three sites. Fresh from opening its first county site in Nat Lane, Winsford, Lock Stock Self Storage has announced its acquisition of storage provider U Lock It. As part of the deal, Lock Stock will now take control of the three U Lock It sites in Cheshire, at Lostock Gralam, Wincham, and Runcorn. Now, after adding to its growing network in the region, Lock Stock has more than 5,000 storage units across…

Self-Store Facility Approved For Land Currently Used as Airport Car Park in Luton [England]

Five full-time jobs will be created on “an unattractive plot of land” in Luton, which is currently used as a car park, a meeting heard. The area on Bolton Road, between 1 and 35, is currently known for incidents of anti-social behaviour, the borough council’s development management committee was told. A hybrid scheme was submitted to the local authority by Mewbourne Properties LLP, which included full plans for a new self-storage unit and an outline application for 178 apartments, as well as public realm improvements, on the one-and-a-half-acre site. Temporary…

Lock Stock Self Storage launches first site as part of expansion drive in Cheshire [England]

North Wales-based Lock Stock Self Storage has launched its first Cheshire site as part of plans to open ten new storage parks by 2026. The Nat Lane site in Winsford spans half an acre and is the beginning of a drive for the family-run business to establish itself in the county. Under its expansion plans, the company will have 38 sites across the UK by 2026, including five in Cheshire. Operations manager Mike Trow said: “We’re incredibly proud to bring Lock Stock to Cheshire. This is a thriving, dynamic region…

Mera Investment Management Supports Self-Storage Project With £7.5 Million Bridging Loan in Southeast England [United Kingdom]

Mera Investment Management has completed a £7.5m bridging loan secured against an industrial warehousing and self-storage project located in Southeast England. The 18-month facility will allow the borrower time to complete sales and pre-lets across the site, which has attracted several large new occupiers. Plans include the expansion of the prominent lorry park in addition to the creation of self-storage facilities and warehousing. Edward Matthews, CEO of Mera Investment Management, said: “It is exciting to close this deal with a valued developer partner who I have had the opportunity to…

Harrison Street Enters European Self-Storage Market in Joint Venture With Pacific Investments

Harrison Street, an investment-management firm focused on alternative real estate assets, has entered the European self-storage market through a joint venture with property-management firm Pacific Investments. Together, they plan to develop a £150 million portfolio over the next three to five years by targeting undersupplied areas across the United Kingdom, according to a press release. The partnership is projected to be seeded with three self-storage facilities comprising 138,000 square feet and a pipeline of ground-up and conversion development projects that have already been identified. Pacific’s majority-owned industry platform, Engage Management…