Self Storage Group Acquires in Lillestrøm

Fabian Søbak, CEO of Self Storage Group.

Image: Self Storage

Self Storage Group Acquires in Lillestrøm

Norway — Self Storage Group has entered into an agreement to acquire a land property in Svelleveien 23 in Lillestrøm. The transaction has a property value of NOK 7.7 million, with a current lettable area of 930 square meters. The property is an existing OK Minilager leasehold with additional development potential.

2020-11-30

"The property is centrally located in Lillestrøm, with easy access from main roads. OK Minilager has rented the property since 2012. With this acquisition we convert a profitable leasehold with stabilized occupancy into a freehold facility. This investment is in line with our strategy to grow our freehold portfolio in selected markets. The property is a great addition to our growing freehold portfolio in the Greater Oslo region,” says Fabian Søbak, Chief Executive Officer of Self Storage Group.

The transaction is expected to be closed during the 4th quarter of 2020.

Anthon Näsström

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