Connect with us

Hi, what are you looking for?

Right Decision NowRight Decision Now

Business

Growing self-storage company invests £50 million into expansion programme

One of the pioneers of self-storage in the UK, Space Station, has taken over the day-to-day running of Fort Locks in Banbury as part of their expansion programme.

The facility, which is owned and has been run by Annie and Nick Poole in Banbury since 2004, will rebrand as Space Station in the coming months.

The 18,600 square foot site is made up of 214 storage units that offer domestic and commercial purpose-built storage that is clean, dry and secure. The new location will showcase a number of the business’ new initiatives, such as complementary removal services.

This new management contract takes Space Station’s nationwide portfolio up to 13 storage facilities, containing over 5,000 individual storage units across London, Thames Valley, Birmingham and the Midlands.

Since October 2020, when it was acquired by global real estate investment firm, Heitman, Space Station has received almost £50 million in investment, and is set to receive more significant funding in the next five years.

Further expansion is planned for 2023 when Space Station is set to open three more locations – Castle Bromwich, Hall Green and Stirchley, with the goal of becoming a significant operator within the sector over the next five years.

Kevin Prince, Chief Executive Officer at Space Station comments: “We have seen significant positive growth over the past couple of years in terms of personal and business storage with many people looking to make more room in their homes and businesses.

“It is an exciting time for us, and we have big plans for the future, with already three confirmed new locations across the UK in 2023.”

Read more:
Growing self-storage company invests £50 million into expansion programme

    You May Also Like

    Business

    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

    World News

    BEIJING — China landed an uncrewed spacecraft on the far side of the moon on Sunday, overcoming a key hurdle in its landmark mission...

    World News

    LONDON — Talks aimed at reaching a global agreement on how to better fight pandemics will be concluded by 2025 or earlier if possible,...

    World News

    SINGAPORE — Ukrainian President Volodmyr Zelensky’s unscheduled appearance at Asia’s biggest security conference dominated proceedings on Sunday after China’s defense chief slammed “separatists” in...

    Disclaimer: rightdecisionnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 rightdecisionnow.com | All Rights Reserved