Day: December 22, 2025

Permission Granted For £1M Self-Storage Facility in Alloa [Scotland]

Planning permission has been granted for a £1m second-phase development at a former police station in Alloa, bringing a self-storage facility and workplace hub to the town centre. SRA Ventures submitted the plans for modular Stronghold units in the site’s yard. The development will be among the first of its kind in Scotland to combine digitally-locked storage with flexible workspaces. The submission follows on from a first planning application, which was approved in June. That initial phase aims to convert the former police station into a facility with more than…

Quadreal to Acquire 26 UK Self-Storage, Mixed-Use Assets From Padlock Euro Storage Fund I

Padlock Euro Storage Fund I has agreed to sell its portfolio of 26 self-storage and mixed-use properties in the United Kingdom to an affiliate of QuadReal Property Group. Under a sale-and-purchase agreement, Vancouver-based QuadReal’s QR CS Padlock LP will indirectly acquire a 95% interest in the holding companies that own the assets, while affiliates of Phoenix-headquartered Clear Sky Capital and members of management will retain an indirect 5% equity interest. The fund is managed by Toronto-based Padlock Capital Partners, an affiliate of real estate and development firm Clear Sky Capital.…