The requested news item does not exist. Please return to News
JLL's Alternatives team has advised on the acquisition of Jumbo Self Storage, which was acquired by a subsidiary of the Ready Steady Store (RSS) group.
The portfolio of three assets comprises more than 70,000 sq ft of lettable accommodation, made up of two stores in Stoke-On-Trent and one in Nottingham.
The assets were acquired by a subsidiary of the Ready Steady Store group, who own and operate 10 stores under the Ready Steady Store brand and 12 stores under the Alligator brand. The Jumbo stores fitted well with RSS' expansion strategy of acquiring operating self storage platforms which complement the existing portfolio.
Tom Caines, Senior Surveyor in JLL's Alternatives team, said "This is the third self storage transaction that JLL has concluded this summer, highlighting the continued appetite from new investors and consolidators, such as RSS. Jumbo's three stores offered key fundamentals including strong occupancy and stable income, which fit well with the RSS portfolio."
JLL acted for Jumbo Self Storage.