"We are pleased to announce this acquisition in the 3rd largest city in Sweden. The Malmö facility will be the 2nd SSG freehold facility and our 7th facility in Sweden. This acquisition is in line with our strategy to grow organically in the Swedish market. The property has a central location in Fosie in Malmö, with easy access from main roads," says Fabian Søbak, Chief Executive Officer of Self Storage Group, adding on the Danish purchase:
"We are pleased to announce this acquisition in the 9th largest city in Denmark. The Vejle facility will be the 8th SSG freehold facility in Denmark. Following this acquisition, SSG has 28.900 current lettable area and 6.400 lettable area under development in the Danish market. 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."
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 182 600 square meters as of Q3 2022.