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StorageMart acquires Big Box Self Storage
US operator StorageMart has completed the acquisition of Big Box Self Storage for in excess of £100 million in the largest ever single transaction in the UK.
The portfolio has 15 stores, totalling nearly 700,000 sq ft of self storage across the south east of England. New stores have recently been developed and opened in Tonbridge, High Wycombe and Colchester, adding to stores in the Brighton area as well as Maidstone, Norwich, Ipswich and Walton-on-Thames.
StorageMart is the world’s largest privately owned storage company with 189 storage facilities and 14.3 million square feet of rentable storage space in the US, Canada and now the UK.
Cris Burnam, President of StorageMart, commented: “Big Box is an important entrance into the United Kingdom for StorageMart. We plan to use the substantial self storage platform to grow within the UK. These are great locations in solid markets, and we look forward to applying our technology platform and revenue management strategies at these stores.”
“Our goal is to bring UK self storage customers a much easier to use and more friendly, stress-free customer experience with world class service.”
Click here to read the full press release.
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