Self Storage Group ASA - Acquisition of property in Mo i Rana

(Oslo, May 18th 2021) Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Verkstedveien 1 in Mo I Rana, Norway. The transaction has a property value of NOK 7.7 million, with an estimated lettable area of 850 square meters. The transaction is expected to be closed during the 4th quarter of 2021 and the facility is projected to open during Q1 2022.

The property has a great location in the city of Mo I Rana, with visibility from E-6. This is SSG´s 2nd freehold investment in the county of Nordland. The 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” 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 amongst 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.