Author: Shinil

Self-Storage Firm Takes Over Former Next Store

A self-storage company is taking space at the former Next store in Liverpool city centre as part of a UK-wide expansion. Tony McDonough reports. Self-storage brand StoreAway is opening a new self-storage centre in the former Next store in Liverpool city centre. StoreAway’s move into a 40,000 sq ft space at the Church Street site is part of a nationwide expansion plan by the business which aims to transform around 250,000 sq ft of redundant retail space. It will open in Liverpool in early May. It has been founded by…

Lindsey Self Storage Group Brokers The Sale Of Mini-Opslag Helmond To Europa Storage Group

Europa Storage Group (ESG), a subsidiary of Volta Global, is a pan-European storage platform that acquires, builds, invests, and operates high-quality, durable self-storage businesses, has completed the acquisition of its 20th self-storage facility through the purchase of Mini-Opslag Helmond in the Netherlands. The facility is located in the Helmond region of the Netherlands and offers storage spaces from 4.5 to 80 m³. The newly acquired portfolio will be re-branded and fully integrated into the existing 1 BOX Self Storage brand that ESG currently operates across the Netherlands and has plans…

York Storage Firm Applies For Expansion

A successful York storage company is seeking to expand, as well as install solar panels on its roof. Go Store in Monks Cross Drive, Huntington, has applied to the City of York Council to extend its existing 1,452m2 premises by 163.5m2, as well as erect ten self-storage units totaling 102m2. The planning application said the extension would look similar to the existing building. It added: “The Go Store unit has been in operation two years. The impetus for this application has arisen from the existing business and the rising demand…

Cumbria Storage Solutions Opens In Workington

A NEW storage facility will open in Workington, allowing people to store caravans as ‘staycations’ boom in the UK. Cumbria Storage Solutions has unveiled a new storage facility on an industrial estate in the town. The company has taken over premises at Unit 6 Lowther Road, Clay Flatts following extensive renovation works including the installation of self-storage units within the main building. The business also operates Cumbria Caravan Storage within the secured compound adjacent to the self-storage facility. Located within close proximity to the town centre and a 10-minute walking…

MCS Group Completes Self-Storage Facilities

Main contractor MCS Group has completed two facilities for a major self-storage specialist. The company has provided units at Winwick Road, Warrington, and Pantheon Park, Wolverhampton, on behalf of Lok’nStore. Lok’nStore, which was established in 1995, is expanding across the country and has recently launched facilities at locations such as Ipswich, Hemel Hempstead, Leicester, Gloucester, Gillingham, Wellingborough, and Salford. Keir Edmonds, group managing director at MCS Group, said: “Our teams worked wonders to complete these Lok’nStore developments in Wolverhampton and Warrington within just a couple of weeks of each other.…

Padlock Partners UK Fund I Completes Disposition Of Newmarket Self-Storage Property

Padlock Partners UK Fund I (the “Trust”) announced today that it has successfully completed the sale of a newly developed self-storage property located in the United Kingdom (the “Newmarket Property”) to a subsidiary (the “Buyer”) of Padlock Partners UK Fund II (“Padlock II”) for an aggregate purchase price of approximately £6,680,000. The Newmarket Property was sold by a subsidiary of the Trust (the “Seller”) to the Buyer pursuant to a share purchase agreement, whereby the Buyer agreed to acquire 100% of the outstanding shares of a subsidiary of the Seller…

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

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement with Mittegetlokale AS to acquire a property under development in Porsgrunn, Norway. The transaction has a value of NOK 17.8 million. The property has a potential lettable area of 1500 square meters. The facility is projected to open in Q1 2023 and will be operated under the City Self Storage brand. “We are pleased to announce this acquisition in Porsgrunn. SSG recently announced the acquisition of a property in Skien, and with this investment in Porsgrunn, we…

Arrow To Develop €20m Industrial Park In Ludwigsfelde, Germany

Arrow Capital Partners has acquired a 24,581 sqm commercial and industrial site in Ludwigsfelde, southwest of Berlin, to develop into a modern industrial park with a gross development value of ca. €20 million. This deal together with the recent acquisition of a brownfield site in the industrial harbour of Bremen highlight an expansion of the group’s broader European urban logistics development portfolio, which includes around €150 million of projects in Germany and €1 billion across the rest of Europe in the UK, Netherlands, Poland, Germany, Spain, and Italy. Commenting on…

UK Self-Storage Operator Safestore Buys Full Equity In JV Properties From Carlyle

U.K.-based self-storage operator Safestore Holdings PLC has acquired the remaining 80% equity in its joint venture (JV) with global private-equity firm The Carlyle Group for €67 million. The portfolio of 15 self-storage facilities in Belgium and the Netherlands comprises 592,000 square feet. The partnership had an enterprise value of €146 million, according to a press release. Safestore formed the JV in 2019 to acquire the six-property M3 Self Storage portfolio and enter the Dutch market. That purchase was followed by the six-property Lokabox self-storage portfolio in Belgium in 2020 and…

Big Yellow Self Storage Opens New Facility On Old Shoreham Road, Hove

A new storage facility has opened a new base complete with an art installation on its gates. Big Yellow Self Storage opened its 105th store in Hove over the weekend. Alongside flexible storage and office spaces, Big Yellow Hove has commissioned the latest public art installation for the area’s art and design scene. The installation, created by Brighton-based artist Kerry Lemon, is a partnership between Big Yellow Self Storage and a local artist creating a public art contribution for the new store. It comes after Kerry won the competition launched…