Acquisition of new property in Karmøy, Norway

(Oslo, August 16th 2018) Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Vestheimvegen 26 in Karmøy, Norway. The transaction has a property value of NOK 6,95 million, with an estimated lettable area of 1000 square meters. Vestheimvegen 26 will be SSG´s 5th freehold facility in Rogaland, and the facility will be operated under the OK Minilager brand.

"With this acquisition we strenghten our position in the Haugesund/Karmøy region. This acquisition is in line with our strategy to grow our freehold portfolio in selected markets. There is a growing demand for self storage in Norway, as urbanization and smaller living spaces cause an increasing need for external storage solutions. Vestheimvegen 26 is centrally located in Karmøy, an area with limited supply of Self Storage" says Martin Nes, Chairman of Self Storage Group.

The facility will be opened during the 4th quarter of 2018. The transaction is expected to be closed during the 3rd quarter of 2018.

For additional information, please contact: Cecilie Hekneby, CFO, +47 99 29 38 26

About Self Storage Group|www.selfstoragegroup.no 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. As of 15 August 2018 Self Storage Group operates 96 sites across Scandinavia with a current lettable area of more than 113,000 square meters. 

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