Category: Self Storage News

Lock Stock Self Storage launches first site as part of expansion drive in Cheshire [England]

North Wales-based Lock Stock Self Storage has launched its first Cheshire site as part of plans to open ten new storage parks by 2026. The Nat Lane site in Winsford spans half an acre and is the beginning of a drive for the family-run business to establish itself in the county. Under its expansion plans, the company will have 38 sites across the UK by 2026, including five in Cheshire. Operations manager Mike Trow said: “We’re incredibly proud to bring Lock Stock to Cheshire. This is a thriving, dynamic region…

Mera Investment Management Supports Self-Storage Project With £7.5 Million Bridging Loan in Southeast England [United Kingdom]

Mera Investment Management has completed a £7.5m bridging loan secured against an industrial warehousing and self-storage project located in Southeast England. The 18-month facility will allow the borrower time to complete sales and pre-lets across the site, which has attracted several large new occupiers. Plans include the expansion of the prominent lorry park in addition to the creation of self-storage facilities and warehousing. Edward Matthews, CEO of Mera Investment Management, said: “It is exciting to close this deal with a valued developer partner who I have had the opportunity to…

Harrison Street Enters European Self-Storage Market in Joint Venture With Pacific Investments

Harrison Street, an investment-management firm focused on alternative real estate assets, has entered the European self-storage market through a joint venture with property-management firm Pacific Investments. Together, they plan to develop a £150 million portfolio over the next three to five years by targeting undersupplied areas across the United Kingdom, according to a press release. The partnership is projected to be seeded with three self-storage facilities comprising 138,000 square feet and a pipeline of ground-up and conversion development projects that have already been identified. Pacific’s majority-owned industry platform, Engage Management…

Pink Storage Aiming For 300 Storage Site Target Across The UK

The self storage business was set up by Cardiff-based entrepreneur Scott Evans Fast-expanding self-storage venture Pink Storage is targeting reaching 70 sites over the next three years. The business, established by Cardiff-based entrepreneur Scott Evans, currently has 16 storage venues in Wales and six in England. By 2033 it is targeting 300 sites providing 60,000 units. As part of its expansion into the English marketplace, it has invested £1.5m with the acquisition of StoreWise, a 102-unit facility in Nottingham. The deal saw Pink Storage acquire StoreWise for £1.1m, with an…

Cinch Gets Boost For New Self-Storate Facility Plans in A4 Chippenham [England]

There has been a major breakthrough for controversial plans to build a new self-storage facility beside a busy A-road. Chippenham Town Council’s planning committee voted not to object to the latest proposal for the redevelopment of the former Vauxhall garage off the A4 Bath Road. In April, Cinch Self Storage submitted amended plans to knock down the garage, which has been empty for over a year, and build a three-storey storage facility on the site. Chippenham Town Council objected to previous designs for the scheme, which would have seen a…

Swiss Life Asset Managers Eyes Major UK Growth as New Head of Real Estate Takes Up Reins

Aims to grow UK assets under management from £2 billion to £5 billion by 2030 Swiss Life Asset Managers wants to grow its UK assets under management from £1.9 billion to £5 billion by 2030 as part of a major European expansion drive. Details of the proposals emerged this morning at a Swiss Life Asset Managers strategy update with journalists in London. The group will have a new head of real estate from 1 July when Jan Plückhahn, formerly head of real estate Germany, takes up the reins. Giles King,…

HESTA to Invest in European Alternative Property Types with Heitman

Investment solidifies Heitman as one of HESTA’s largest international property managers Heitman LLC (“Heitman”), a global real estate investment management firm, today announced an allocation from HESTA to invest in European alternative property types, including self-storage, student housing, residential, and health care. With over 1 million members and approximately AUD 93 billion of funds under management, HESTA is one of Australia’s largest superannuation funds dedicated to health and community services. This investment establishes Heitman as one of HESTA’s largest international property investment managers. “The new allocation with Heitman will support…

The Box Co. Offers a New ‘Storage By the Box’ Model in Lancashire [England]

As the cost-of-living crisis continues to squeeze households and small businesses across the North West, a new storage provider has launched in Lancashire with a bold promise: to offer secure, flexible storage at a fraction of the usual cost. The Box Co., a fast-growing UK storage company, has announced its expansion into the region, introducing a storage-by-the-box model that is set to disrupt the local market. Unlike traditional self-storage providers that charge a flat monthly fee for an entire unit, The Box Co. charges customers only for the number of…

Scottish Property Investment firm, SRA Ventures, Acquires BOXXS Self-Store in Linlithgow [West Lothian, Scotland]

Scottish property investment firm SRA Ventures, owned by entrepreneur Shaf Rasul, has completed the acquisition of Linlithgow-based storage company BOXXS Self-Store. The purchase of BOXXS Self-Store, situated within Mill Road Industrial Estate in Linlithgow, forms part of SRA Ventures’ ongoing strategy to provide high-quality, flexible workspaces for SMEs and growing businesses. The BOXXS facility, which offers 24/7 secure container storage for both local residents and businesses, will benefit from significant investment to modernise and enhance the site. Planned upgrades include expanded CCTV coverage, the installation of new windproof and watertight…

Heitman Acquires Majority Stake in Swedish Self-Storage Operator [United Kingdom]

Heitman LLC (“Heitman”), a global real estate investment management firm, today announced the acquisition of a majority stake in the third largest self-storage operator in Sweden – Servistore. The business has 31 sites (25 operational and 6 due to open) across 14 cities. It encompasses over 4,000 units, spanning a total of 330,000 square feet of storage space. This transaction, made on behalf of Heitman’s European value strategy, allows the firm to continue investing in the rising global demand for self-storage. It follows the firm’s previous self-storage platform acquisitions across…