Attic Self Storage Renovates and Expands London Facility

U.K. self-storage operator Attic Self Storage recently completed a £250,000 refurbishment project of its facility in London. The three-month renovation involved extensive structural alterations to replace the existing brickwork façade with floor-to-ceiling glass and external cladding. The project provided additional staff space as well as a large, contemporary reception area that includes room for a merchandise display. The original lobby is now leased to a subtenant. New meeting rooms were also added, broadening the facilitys small-business services to include free Wi-Fi, mailbox rental, parcel receipt and dispatch services.

This refurbishment has been a long time coming, said Frederic de Ryckman de Betz, managing director. We occupy a fantastic location overlooking a main arterial route into London, and we are finally able to leverage that location fully. The business is taken more seriously by our clientele, and staff morale has received a huge boost.

The property comprises 30,000 square feet of self-storage rental space. The next phase of development is underway and will add another 12,000 square feet. The facility is 96 percent occupied, de Ryckman de Betz said. The pressure on space in London is evidenced by demand, with potential sites for self-storage few and far between. This is great news for yield and occupancy, particularly when you consider the downward trend for average unit sizes.

Established in 2008, Attic Self Storage is an independent facility operator in Central London. In 2012, it won the European Customer Service award from the Federation of European Self Storage Associations. Attic Removals, a removals subsidiary, was added to the business in 2013.