“We are pleased to announce this acquisition, which marks the start of our organic growth journey in Sweden. The Trollhättan facility will be our 7th facility in Sweden, and our first freehold property in the Swedish market. The facility will be unmanned. Our plan is to build out the Swedish footprint through freehold acquisitions, utilizing our existing Swedish platform. We see a solid growth potential in Sweden and Denmark, while Norway will still be our main focus. This acquisition is in line with our strategy to grow our freehold portfolio in selected markets. 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 131 facilities across Scandinavia with a current lettable area of 180 500 square meters as of Q2 2022.