Self Storage Group ASA - Acquisition of new property in Sandnes, Norway
(Oslo, 8 December 2020) Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire Hoveveien Eiendom AS, which is the owner of the property Hovebakken 29 in Sandnes, Norway. The transaction has a property value of NOK 18 million, with a gross area of 1 900 square meters and an estimated lettable area of 1 300 square meters. The facility is projected to open during Q2 2021. Hovebakken 29 will be operated under the City Self-Storage brand. “With this acquisition we strengthen our position as market leader in the Stavanger/Sandnes region. This property is