JLL acts for Squab Self Storage in sale of asset to Heitman
Daventry asset sold in off-market transaction
Squab Self Storage has completed the sale of a self storage facility in Daventry to an affiliate of Heitman LLC (Heitman), a global real estate investment management firm, in an off-market transaction advised by JLL.
The asset offers a range of self-storage units from 4.5 sq ft to 200 sq ft, with onsite parking and easy accessibility to the town.
Penny Bell, Associate - Alternative Capital Markets, EMEA, JLL said, “The sale represents Heitman’s third acquisition in the UK since buying the Space Station portfolio in 2020 and the appetite for high quality, well-run standalone assets still remains high amongst market participants. The asset complements their existing portfolio, and we congratulate both parties on a successful transaction.”
Alex Henney, Director, Squab Storage said “We are excited to have partnered with JLL and Heitman on this transaction. Having constructed Squab Daventry in 2015, we wish Heitman well on the continued growth and expansion of the self-storage operations in Daventry and surrounding area.”
JLL represented Squab Self Storage. Heitman were unrepresented.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.