Padlock Euro Storage Fund I (the “Trust”) announced today that it has successfully completed the acquisition of a freehold property located in Ashford, London, United Kingdom (the “Ashford Property”) for a purchase price of £7,250,000 excluding costs. The transaction was satisfied by way of cash from the proceeds of the Trust’s recently upsized debt facility. The Ashford Property consists of a freehold interest in an undeveloped parcel of land on which a purpose-built self-storage facility will be constructed, netting approximately 70,000 rentable square feet of self-storage units. With in-place planning…
Padlock Euro Storage Fund I Completes the Acquisition of the Ashford Property in Ashford, London [England]
