Self Storage Group ASA - Acquisition of property in Asker

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(Oslo, July 15th 2021) Self Storage Group ASA (Self Storage Group, OSE: SSG) has entered into an agreement to acquire a property in Billingstadsletta 91 in Asker, Norway. Through the Eurobox transaction in 2019, SSG received the option right to acquire this property at attractive terms. The transaction has a property value of NOK 32.8 million, with an estimated lettable area of 3150 square meters. The transaction is expected to be closed during the 3rd quarter of 2021 and the facility is projected to open during 2022.

The property has a central location at Billingstad in Asker. The location has a significant catchment area and easy access from main roads. SSG already owns and operates a neighboring property in Billingstadsletta 91. The new property will be operated by OK Minilager, SSG´s discount-priced brand.

There is a growing demand for the services which SSG provides, as urbanization and smaller living spaces cause an increasing need for external storage solutions. We are pleased to announce this acquisition, which will strengthen our market leading position in the Greater Oslo region. With this acquisition we will also develop the largest facility in the OK Minilager portfolio” says Fabian Søbak, CEO of Self Storage Group.

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

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. Self Storage Group operates 116 facilities across Scandinavia with a current lettable area of 149 400 square meters as of Q1 2021.