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- Self Storage Group ASA - Acquisition of Property In Kristiansund, Norway
Self Storage Group ASA - Acquisition of property in Kristiansund, Norway
17 Mar 2023 15:54 CET
Issuer
Self Storage Group ASA
(Oslo, March 17th 2023) Self Storage Group ASA (Self Storage Group, OSE:SSG) has
entered into an agreement to acquire a property in Pilotveien in Kristiansund,
Norway. The transaction has a value of NOK 16.5 million and the property has a
potential lettable area of 1250 square meters. The facility is projected to open
in Q1 2024 and will be operated under the City Self-Storage brand.
"We are pleased to announce the acquisition of this property in Kristiansund.
The property has a great location, close to the airport, and only a few
kilometers from the city center. Following this acquisition, SSG will have two
facilities in Kristiansund, and a total of 5 facilities in the Møre and Romsdal
region. This acquisition is in line with our strategy to grow our freehold
portfolio in selected markets. The demand for self-storage is growing, and the
demand has proven to be resilient during previous recessions. Especially
urbanization and smaller living spaces are causing an increasing need for
external storage solutions" says Fabian Søbak", Chief Executive Officer of Self
Storage Group.
Self Storage Group ASA engages in the business of renting out self-storage units
to both private individuals and businesses through the two concepts; OK
Minilager and City Self-Storage. The company is one of the leading self-storage
providers in Scandinavia with a particularly strong position in the Norwegian
market. Self Storage Group operates 135 facilities across Scandinavia with a
current lettable area of 185 800 square meters as of Q4 2022.
More information:
Access the news on Oslo Bors NewsWeb site
Source
Self Storage Group ASA
Provider
Oslo Børs Newspoint
Company Name
SELF STORAGE GROUP
ISIN
NO0010781206
Symbol
SSG
Market
Oslo Børs