Moorfield Raises Initial £270m For Fifth UK Value-Add Fund

Moorfield Group has raised £270 million in the first close of its fifth value add fund, Moorfield Real Estate Fund V (MREFV). The capital has been raised from investors based in Europe, Japan, and the US. With appropriate gearing, the fund will have initial investable capital of c.£650 million. ”Achieved against the backdrop of the pandemic, this first close is the latest endorsement of Moorfield’s enviable track record, particularly in the operational real estate sectors where it has consistently been among the first to recognize the potential of emerging sectors,…

Huge New Storage Facility And Units Planned For Winsford

Detailed plans have been submitted for a massive self-storage facility and new business units in Winsford. Rula Developments originally secured outline permission in 2019 for a development on land at Road One on Winsford Industrial Estate. Now the company has submitted a reserved matters application with more detailed proposals for what the scheme will look like. According to the plans, the site will cover 3,035 sq m and include one large self-storage facility at 1,394 sq m and six smaller units for a range of possible uses, including workshops, start-up…

Andrew Porter Ltd In Kendal Unveils Big Expansion

A self-storage firm in Kendal is expanding to provide storage solutions tailored to small businesses. Andrew Porter Ltd is completing an expansion with the arrival of 60 ’20 ft’ storage containers at its Mintsfeet site. This is the first facility of its kind in Kendal. Storage Coordinator Carol Hetherington. Stephen Gregson, the manager said: “Our first customers are ready to move in, and seeing the containers arriving on-site has bought the last few months of hard work to life! I am sure that these will be full before we know…

Revised Bid To Demolish Former Office Outlet Chester Store For New Self-Storage Business Submitted

Revised plans have been submitted to demolish the former Office Outlet store on Sealand Road, Chester and replace it with a self-storage facility. Applicants Lok’n’Store, which have been in the self-storage business for 25 years, originally submitted plans for the site, at the junction of Stadium Way, in May 2020. But, following objections and concerns raised from highways and the Environment Agency, planners went back to the drawing board and have since submitted further information along with revised proposals. Lok’n’Store has submitted plans for a self-storage business at the former…

Shurgard Wins Approval To Build Two Self-Storage Facilities In Netherlands

Shurgard Self Storage (SHUR.BR) said Tuesday that it received a building permit to deliver two new self-storage facilities in Rotterdam, the Netherlands. The Belgian self-storage provider will build a new self-storage site spanning 4,500 square meters and covert another building into a 2,000-square-meter self-storage property. The projects are expected to be completed by the end of 2022 and offer 700 and 300 units, respectively. Shurgard shares were down over 1% on Tuesday morning. Source

Shurgard To Buy Self-Storage Facility In Paris

Shurgard Self Storage (SHUR.BR) said Thursday it signed a purchase agreement for a building offering 550 self-storage units in Paris for an undisclosed sum. The 4,000-square-meter French self-storage property is scheduled to open by the end of 2023. The Belgian self-storage provider’s stock lost over 1% in morning trade. Source

Changes Made To Plan For Self-Storage Site At Gatebeck

The site is to be erected on land to the east of unit 1, Beckside Business Park. The opening hours of a proposed self-storage site featuring 120 containers were altered by the district council prior to the project being given approval. The series of 2.14m x 2.09m containers on land at Gatebeck, near Kendal, would have been accessible 24 hours a day under the terms of the initial application. But, after members of the public expressed concerns about these hours, South Lakeland District Council stipulated the site would only be…

Shurgard Wins Approval To Build Two Self-Storage Facilities In Netherlands

Shurgard Self Storage (SHUR.BR) said Tuesday that it received a building permit to deliver two new self-storage facilities in Rotterdam, The Netherlands. The Belgian self-storage provider will build a new self-storage site spanning 4,500 square meters and convert another building into a 2,000-square-meter self-storage property. The projects are expected to be completed by the end of 2022 and offer 700 and 300 units, respectively. Source

Darlington Poundstretcher Could Be Turned Into Huge Self-Storage Facility As New Plans Revealed

Proposals to transform the site near the Head of Steam Museum have been submitted. A discount chain store in Darlington could be turned into a new self-storage facility if plans are approved. Proposals to transform the Poundstretcher, in Whessoe Road, into The Store Room, a self-storage company that has facilities in the North and the Midlands, have been submitted to Darlington Council. The discount store, which currently occupies the site, remains open and it is not known when the chain may close the Darlington store. Poundstretcher was forced to enter…

Application To Erect Self-Storage Containers At Gatebeck Approved

An application to erect 120 self-storage containers for access by members of the public has been approved by the district council. The series of 2.14m x 2.09m containers is to occupy a plot of land at Gatebeck, near Kendal. Two parking spaces are also to be created at the site – which customers will be able to access using codes. The design and access statement says the containers will be managed by ‘an established company with experience of providing self-storage sites’. The statement says it is expected the majority of…