SSG: Acquisition of the largest self-storage facility in Norway
(Oslo, 21 January 2021) Self Storage Group ASA ("Self Storage Group" or "SSG") has entered into an agreement with Berg-Jacobsen Holding AS to acquire 100% of the shares in Adamstuen Garasjer AS. Adamstuen Garasjer AS is the owner of the property General Birchs gate 16 in Oslo, Norway. SSG is currently operating out of 6 900 square meters of leased space on the property with a current lettable area of 4 300 square meters (CLA). The facility opened in 1993 and is operated under the City Self-Storage brand. The facility has an occupancy above 90% and achieves an average rent income of NOK