Self Storage Group ASA - Acquisition of property in Randers, Denmark
(Oslo, March 15th 2023) Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire a property in Gl. Jennumvej 3 in Randers, Denmark. The transaction has a value of DKK 2,4 million and the property has a potential lettable area of 550 square meters. The facility is projected to open in Q4 2023, and will be operated under the City Self Storage brand.
"We are pleased to announce this acquisition in Randers, Denmark´s 6th largest city. The property has a great location, just north of Randers city center. The property will be the 10th SSG freehold facility in Denmark, and our 2nd location in Randers. This acquisition is in line with our strategy to grow organically in the Danish market. There is a growing demand for our services, as urbanization and smaller living spaces cause an increasing need for external storage solutions" says Fabian Søbak, Chief Executive Officer of Self Storage Group.
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 135 facilities across Scandinavia with a current lettable area of 185 800 square meters as of Q4 2022.