Category: Recent Transactions

Heitman LLC (“Heitman”), a global real estate investment management firm, has announced the acquisition of Rent-A-Space Shrewsbury, a high-quality UK self storage asset by an affiliate of Heitman. The investment marks the first acquisition expanding Space Station, a UK self storage platform that a Heitman affiliate acquired in late 2020, and is the platform’s first storage solution in the West Midlands region. The asset was purpose-built in 2016 and comprises approximately 58,000 square feet of net rentable area and is in the final stages of its lease-up. Upon acquisition of…

The Carlyle Group and Safestore’s joint venture has invested an undisclosed amount to buy Opslag XL, a self-storage operator with three stores in The Netherlands. Opslag XL’s 75,000sqft portfolio includes two freehold locations in The Hague and Hilversum regions and one short leasehold in Amsterdam. The Carlyle Group has an 80% shareholding in the joint venture which was established in August 2019 via the €540m Carlyle Europe Realty (CER) fund, with the FTSE 250-listed Safestore holding the remaining 20% stake in the venture. This acquisition represents CER’s third add-on acquisition…

Padlock Partners UK Fund I, which operates six facilities in England, acquired Cinch Self Storage in Bicester, a market town northwest of London, for £3,200,000. The three-story facility at 1 Arkwright Road opened in 2018 and comprises 25,000 square feet. Padlock operates facilities in Bicester, Chippenham, Letchworth, Leighton Buzzard, Newmarket and Wimbledon, England. Source

Storage King, which operates 29 facilities in the United Kingdom, acquired Blackpool Self Store in Blackpool, England, for £3.6 million. The facility at 20 Clifton Road is in the Tellcom Business Centre. Opened in 2005, it comprises 30,100 square feet, with room for expansion. Storage King is owned by Stor-Age Property REIT, which operates the Stor-Age Self Storage brand in South Africa. Source

A North East storage company has announced plans to expand nationwide as it launches a new franchise programme. U Hold The Key, based in Stockton-on-Tees, said that it has seen a “surge in demand” for self storage throughout the pandemic and has accelerated the development of its franchise plans in response. Looking Forward The company, which is a division of Parsons Containers Group, said that it expects to open its first franchised site this summer, and will expand into new territories with the scheme. It reported a 15 per cent…