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TPG, Aermont and Belgian-listed Shurgard are among the parties which tabled non-binding offers earlier this week for Access Self Storage, Sky News understands.<\/span><\/span><\/span><\/p>\n A pack of bidders are circling Access Self Storage, a privately held network of sites which has been put up for sale for more than \u00a31 Billion.<\/span><\/span><\/span><\/p>\n Sky News understands that the private equity firms TPG and Aermont, the latter of which owns a controlling stake in Pinewood Studios, and Belgian-listed self-storage group Shurgard are among the parties which submitted non-binding offers for Access earlier this week.<\/span><\/span><\/span><\/p>\n Sources said that QuadReal Property Group, a Canadian-based property investor, might also be among the bidders.<\/span><\/span><\/span><\/p>\n The auction, which is expected to fetch well over \u00a31 Billion, is being handled by bankers at JP Morgan.<\/span><\/span><\/span><\/p>\n Blackstone, the world’s most prolific investor of private equity capital into real estate assets, has decided not to bid after examining the opportunity, according to one insider.<\/span><\/span><\/span><\/p>\n It comes at a time of frenetic corporate activity in the self-storage sector, with a string of deals having been announced in the last 12 months.<\/span><\/span><\/span><\/p>\n London-listed Lok ‘n’ Store was bought by Shurgard last spring in a deal worth close to \u00a3380m.<\/span><\/span><\/span><\/p>\n The two biggest players in the UK market are Safestore and Big Yellow.<\/span><\/span><\/span><\/p>\n