News release

Storage Mart purchases pair of CityStore branded self storage assets

JLL instructed on the sale of self storage company assets in Aylesbury and Dunstable

October 28, 2021

Alyssa Dwek

UK Communications Manager

JLL has acted on behalf of a private seller in the competitive sale of two CityStores in Aylesbury and Dunstable to StorageMart. The assets provide flexible storage solutions ranging from 16 sq ft to 250 sq ft for both personal and business use.

This transaction marks 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.

Penny Bell, Associate - Alternative Capital Markets, EMEA, JLL said, “Whilst the transactional market has been dominated by private equity and institutional investors over the last 18 months, this sale demonstrates the operator appetite for well-run stores to add to their existing portfolio. The barriers to sourcing land and development mean that M&A remains a major consideration for market participants. This is a fantastic result for both parties."

There are now over 5,170 self storage facilities across Europe, compared to 1,711 facilities a decade ago – providing nearly 11 million square metres of self storage space, according to the recently released FEDESSA European self-storage annual survey 2021, produced jointly with JLL.

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 $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