Hurstwood To Launch Self-Storage Brand In Wigan

Hurstwood Self Storage will make its debut with a 17,750 sq ft self-storage facility off Standishgate. Set on the site of a former nightclub, Hurstwood Self Storage will take over the basement, ground, and first floor of the vacant Bryan House. The upper floors of the six-storey building are set to be turned into 45 one-bedroom apartments. It will be the first foray into the self-storage market for the Manchester-based property investment and development company. Hurstwood is already planning to expand the self-storage brand and is looking to open sites…

Big Yellow gets Green Light For Development In Staines

Big Yellow Group PLC on Tuesday said it has received planning consent for a new site in Staines, southeast England. The self-storage company had exchanged contracts to acquire the site back in December 2020. The Surrey-based firm has received planning permission for a 65,000-square-foot store at the site. “In addition, consent was received to develop 9 industrial units totaling 99,000 sq ft,” Big Yellow added. The site has “excellent access” to Heathrow Airport and the M25 motorway, which encircles London, Big Yellow said in January 2021. “The GBP44.6 million development…

Padlock Partners UK Fund II Announces Closing Of UK Debt Financing

Padlock Partners UK Fund II (the “Trust”) announced today that it has closed a £16,015,750.65 Senior Secured Term Loan Facility (the “Facility”). The Facility is solely secured by a first, fixed legal mortgage over the properties. The Facility includes a fixed interest rate of 9.3% per annum and a 2-year maturity, prepayable immediately with no penalty. An initial drawdown of £3,868,710.91 was used to fund the current development and working capital requirements of the Trust. Further drawdowns will be used to provide funding for future development and additional acquisition(s). The…

Basildon Toys R Us Building To Be Brought Back Into Use

Plans to bring Basildon’s empty Toys R Us back into use after nearly four years have been approved. Toys R Us had occupied the shop in Southernhay since 1985 before leaving four years ago after the firm went out of business. Now the vacant shop is set to become an “urban” storage facility called Storeaway following a successful change of use planning application submitted by Away Cheltenham. The new facility will largely serve residents in the town and businesses who need space for archiving, additional stock room space, furniture, and…

The Store Room Submits Plans For A New, Modern & Sustainable Self Storage Facility At Peterborough One Retail Park

The plans for the new facility include state-of-the-art self-storage units for local business and domestic use, as well as high-quality office and co-working space. The Store Room’s new development at Peterborough One Retail Park is due to be completed in 2023 and will not only meet the growing demand for self-storage but also offer flexible co-working solutions to support the local business community. This new facility is part of the wider development at the Peterborough One Retail Park, following the addition of the new Aldi store, which opened in June…

Saltney Based Re-Use Expert Paul Plans To Turn Scrap Into Refugee Shelters And Play Dens

A re-use and repurposing expert is developing a new line in easy to assemble structures which can be used for everything from disaster relief shelters to children’s play dens. Paul Ridley is a familiar sight at car boot sales across North East Wales and Cheshire where he sells screws, bolts, fixtures and fittings for DIY at knock-down prices. His social enterprise operation Cabinz Cic uses four giant units at Lock Stock Self-Storage on River Lane, Saltney. Paul’s plan is for a low-cost kit that would provide the hardware to turn…

What Are They Building Near The Thurbers Avenue Curve?

If you’ve driven into the city from the south or headed out that way, you’ve probably noticed the five-story steel skeleton of a building rising there just south of the Thurbers Avenue curve on Route 95. So what exactly is it? According to a spokesman for A. Autiello Construction, it will be a self-storage operation with a slight twist from the typical storage facility: customers will be able to drive a U-Haul-type moving truck right into the building, close a garage door and unload their belongings securely and protected from…

New Self-Storage Operator StoreAway Secures £16 Million In Investment As It Builds Nationwide Portfolio

New self-storage market entrant StoreAway has secured a total of more than £16 million in investments just weeks after the launch of its flagship Liverpool site. Established by a team of self-storage management and property experts, the brand offers flexible storage space in city centres and urban settings by repurposing unoccupied retail and leisure outlets on some of the UK’s most well-known high streets. Despite still being in its infancy, StoreAway has captured the eyes and investment of Redevco, Legal & General, and Nash Business Capital, meaning it will now…

First-Rate Commercial Facility In Polmadie Nears Completion

CoVault Workspace, a Scottish self-storage, and flexible workspace company are in the final stages of development for its newest branch in Polmadie, Glasgow. The brand-new property is located on Polmadie Road, less than 15 minutes outside of Glasgow’s City Centre. Set in the heart of a rapidly-developing business hub, CoVault Polmadie is adjacent to M74 Junction 1A and is neighboured by Starbucks, Riteway Autocare, and IONITY electric charging stations – as well as a range of retail and dining establishments. With a total workspace area of over 5700 sq ft…

Shurgard Signs A New Purchase Agreement In The Netherlands

Shurgard, the largest developer, owner, and operator of self-storage centers in Europe – is purchasing a building located northeast of Utrecht province (The Netherlands). This new deal comes shortly after Shurgard secured a long-term lease agreement in the Amsterdam area and further highlights the Company’s expansion plan in the market. The future c. 3,100 sqm self-storage property is set to open in 2023 and will offer approximately 450 self-storage units to the area. It will also complement nicely one of our stores in the direct vicinity of that new property.…