Wales-based Storage Giant Ltd. has acquired Your Self Storage in Cannock, England. The facility comprises 32,000 square feet in 279 units. The multi-million-dollar deal is the company’s fourth acquisition in the last 12 months and will make Storage Giant the third largest private self-storage operator in the United Kingdom and fifth largest overall, according to the source.
“We have a multi-pronged expansion approach, which looks at various aspects, because it is a priority for me that any expansion is carefully thought out and not rushed,” Simon Williams, managing director of Storage Giant, told the source. "It is very important that Storage Giant maintains its core principles for both its staff and, of course, for its customers.”
Recent Storage Giant projects include a mixed-use development in Brislington, England, that includes office and retail space in addition to self-storage. The company expanded into England in 2016 with the acquisition of a two-facility portfolio from The Space Place Self Storage.
Based in Newport, Wales, Storage Giant operates four self-storage facilities in England and five in Wales.
Sources:
- Insider Media: Self-Storage Company Snaps Up Counterpart