Category: Development News

Plan For New South Shields Self-Storage Site With Nearly 100 Units Approved

Back in October 2021, South Tyneside Council’s planning department received an application for a vacant industrial site off Wilson Street. This included proposals to change the use of the land to create an independent planning unit with nearly 100 self-storage containers. According to planning documents, the containers would have a maximum height of 2.4 meters with a site office also planned to serve the development. Following consultation, council planners deemed the scheme acceptable and approved it on December 2nd. A planning report reads: “In terms of visual amenity, the area…

Expansion Overview: Go Store Self Storage’s Construction in York

Recently, Go Store Self Storage completed the expansion of 45,000 NRSF of storage in York consisting of 950 units of 35 different sizes. The project was funded with a seven-figure package and additional £150,000 for working capital from HSBC UK. Given the costs of this build and the two additional development projects in the pipeline, we used StorTrack Explorer to take a deeper look at this fast-growing market. To view the three-mile radius market report on the property located on Monks Cross, click here.

Self-Storage Development and Zoning Activity: December 2021

Go Store Self Storage completed an expansion of its facility in York, England. The property on Monks Cross Drive comprises 45,000 square feet in 950 units. The company secured a seven-figure funding package from lender HSBC UK as well as £150,000 for ongoing capital improvements. Go Store has a second location under development in Kettering, England. Norway-based Self Storage Group ASA (SSG) has purchased a property in Trondheim, Norway, for NOK 17 million on which it intends to build a new facility. Expected to open in the second quarter of 2023, the 1,550-square-meter…

Shurgard Opens Another Self-Storage Property In The Paris Region – Morangis

Shurgard, the largest developer, owner and operator of self-storage centers in Europe – is pleased to announce the opening of its new self-storage facility in Morangis (Paris region) on November 30, 2021. The new c. 5,700 sqm storage center will offer c. 850 selfstorage units for private and professional customers in Morangis and its surrounding area. The combination of our store location and accessibility is again a great benefit for these customers. Thanks to its e-RENTAL solution and its self-storage expert teams – Shurgard had also already secured many customer…

MCR Property Continue Scottish Expansion With £6m Refurb Contract

MCR Property Group has acquired its second multi-let business complex in Scotland as it continues its drive to expand rapidly north of the border. The property developer is investing £6 million in the Pentagon Business Centre, to create a modern, comfortable home for well over a hundred businesses. MCR Property chose to retain all staff in place and created ten additional job roles. The historic six-storey building at 36 Washington Street overlooks the River Clyde and sits at the heart of Glasgow’s financial district. It was constructed over 120 years…

blue self storage is the New Name of Cardiff Self Storage Ahead of Expansion

Formerly known as Cardiff Self Storage, the 31-year-old company rebranded as blue self storage this week to reflect its new sites in locations beyond the Welsh capital as it rolls into a new era of smart & affordable storage across Wales. Chris Bryan, Commercial Manager at blue self storage said: “Owing to the ever-increasing demand for affordable self storage, especially from local businesses, we’re incredibly excited to be changing our name to blue self storage, to accommodate the demand and facilitate our upcoming national expansion. Our loyal customers – many of whom…

Go Store Self Storage Opens In York After Securing Seven-Figure Funding Deal

A storage company has expanded its UK operations with a new Yorkshire site after a rise in demand during the pandemic. Go Store Self Storage used a seven-figure funding package from HSBC UK to support the build and fit-out a 45,000 sq ft storage centre at Monks Cross, York. The site includes 950 storage rooms with 35 different sizes available. An additional £150,000 was also provided by the bank to support the company’s ongoing working capital requirements. Rory Windham, managing director at Go Store Self Storage, said: “The pandemic changed…

Self-Storage Company Opens New Branch In Shrewsbury

Self-storage company, Space Station, has announced the newest expansion to its UK operations with the opening of a new facility in Shrewsbury. Up to 750 individual storage units are available to rent. The new store boasts a sizable 57,000 square feet of storage space available for local customers and businesses, which includes up to 750 individual storage units to rent, providing a boost to the accessibility of externally sourced storage in the local Shropshire community. After purchasing from fellow storage company, Rent a Space, Space Station officially opened its doors…

Go-ahead For Self-Storage Business At Old Cheltenham Lidl

The ground floor vacant supermarket in Grosvenor Terrace will have 173 individual storage lockers. Controversial plans to convert a former Lidl supermarket into a self-storage site in Cheltenham have been approved. Away Cheltenham Ltd has been granted permission to change the use of the ground floor vacant supermarket in Grosvenor Terrace and install 173 individual storage lockers there. They say these facilities are aimed at serving city centre residents and local businesses who need additional stock room space or furniture and IT storage. The initial plans included installing a 40ft…

Stor-Age Outshines Other JSE Property Competitors, Continues To Experience Strong Growth

STOR-AGE, South Africa’s largest self storage property fund, lifted its interim dividend 8.85 percent to 56.60 cents per share after it continued to outperform other listed property companies on the JSE in the six months to September 31, 2021. The results were driven by strong demand, growth in occupancy and rental rates, and disciplined cost control at a property level, said chief executive Gavin Lucas. He said even though the business model was tested over the past 18 months, “we made progress in all areas of our strategy: organic growth,…