News release

Shurgard purchases CityStore’s Camden self storage asset

JLL instructed on the sale of a self storage asset in Camden

May 24, 2022

JLL has completed the sale of a CityStore self storage asset in Camden Town to Shurgard on behalf of a private seller. This purchase marks Shurgard’s continued investment into the London self storage market, following on from their recent acquisition of two CitySpace branded central London assets in December 2021, with JLL acting on both transactions.

The asset provides flexible storage solutions, particularly catering for business users within the Camden Market area.

Penny Bell, Associate, from JLL’s EMEA Alternative Capital Markets team, said: “This sale represents the growing flexibility from operators to take a variety of space under varying tenures in order to access land constrained markets. The strong trading fundamentals of the store underpin its value and the purchaser benefits from increased efficiencies through growing their platform.”

Marc Oursin, CEO at Shurgard, said: “We are excited to add a new self-storage property to our Central London’s growing portfolio. JLL’s expertise and long-standing relationship led to successful closure of this transaction. Shurgard is pleased to have worked with them on these recent deals – including the CitySpace acquisition end of last year.”

The two other CityStore branded assets in Aylesbury and Dunstable were sold by JLL to Storage Mart in October 2021. This was Storage Mart’s second acquisition since its purchase of Big Box Self Storage in 2016 – the largest ever investment transaction in the UK self storage sector at the time. 


About JLL

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 $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.