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News Release

London

JLL’s Self Storage team complete on the sale of two self storage facilities


 

The two stores, which had been operated by The Space Place Self Storage, are located in Leicester and Telford, and were acquired by Storage Giant for an undisclosed price.

The stores offer over 54,000 sq ft of storage space, with the ability to extend to over 72,000 sq ft.

Tom Caines in JLL’s Alternatives team, commented: “Importantly these sales emphasis the continued strength of the UK self storage market, with appetite from operators and investors for both leasehold and freehold owned assets post Brexit.”

Simon Williams of Storage Giant, added: “Having built a strong platform of five stores along the M4 corridor, the acquisition of these two stores helps us to expand into new markets. We continue to look for opportunities to acquire or develop new stores across the UK.”

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About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.