Category: Recent Transactions

CBRE Investment Management, on behalf of a fund it sponsors, has sold Aarttselaar Business Park in Antwerp, Belgium, for an undisclosed amount. The light industrial asset was acquired by the real estate department of the family office investor, Baltisse. Following the successful execution of the business plan, recent leasing successes and the high investor demand for industrial assets, the timing was right to sell this asset.” The property comprises a light industrial, 36,288 m2 complex of warehouse and offices divided over two separate buildings. It was built in 1975 and…

Quick Self Storage has acquired the Darlington site and operations of Dainton Group Services. The company appointed PKF Smith Cooper to assist with identifying and unlocking potential acquisition targets as part of a company-wide push focused on established storage operations. The firm supported Quick Self Storage in defining the acquisition strategy, identifying key targets, unlocking deal opportunities, and project managing the transaction through to completion. As part of this role, PKF Smith Cooper developed a database of self storage operations across the UK, which led to the acquisition of Dainton’s Darlington site.…

Shurgard completes acquisition of CitySpace Self Storage in Central London LUXEMBOURG – Shurgard, the largest developer, owner and operator of self storage centers in Europe – is pleased to confirm the acquisition of CitySpace Self Storage’s two properties in Central London on October 1, 2021. Both properties are former basement car parks converted to self storage. Bloomsburystore is located just off Russell Square (less than 100 meters) in London and at walking distance from the British Museum. Knightsbridgestore is located close to Belgravia Square Garden and Hyde Park Corner –…

Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a new-build property in Gardermovegen in Nannestad, Norway. The transaction has a property value of NOK 11.5 million, with an estimated lettable area of 1050 square meters. The facility is projected to open during Q3 2022. The property in Gardermovegen will be operated under the OK Minilager brand. “The property is located in Øvre Romerike, a region north of Oslo with strong growth. The location has easy access from main roads, close to Jessheim. This acquisition is in line with…

Heitman, a global real estate investment management firm, has acquired bof Squab Daventry, a self-storage asset located in the Midlands. The investment marks the second acquisition expanding Space Station, a UK self storage platform that a Heitman affiliate acquired in late 2020 and adds further density into a key target region of the country. As we continue to observe tangible economic recovery, we see significant opportunities within the self storage sector and more broadly alternative real estate, given their secular demand drivers and attractive risk profile.” The asset continues the…

Shurgard Self Storage Europe SARL, the European affiliate of U.S.-based real estate investment trust Public Storage Inc., has reached its 250th location with the opening a facility in Argenteuil, a commune in the northwest suburbs of Paris. The eight-story building comprises 75,347 square feet in more than 1,100 units, according to a press release. We are thrilled to have opened our 250th property in Europe, especially in the Paris region, which is key to our expansion plan.” Shurgard has been ramping up its European expansion through acquisitions and development since…