Private-equity firm Ducalian has launched a new self-storage venture by acquiring a warehouse in Littlehampton, West Sussex, England for about $1.9 million (£1.2 million).

The building, purchased from Falcon Property Trust, will be redeveloped by Ducalians in-house development team to provide 30,000 square feet of net rentable self-storage space. A management contract has been signed with Engage Management Services to operate the building as a self-storage facility under the Titan brand.

Ducalian offers private investors the opportunity to make direct investment in individual assets rather than investing in a blind fund. This allows investors the opportunity to select assets that meet their risk-return profiles, while also benefitting from Ducalians investment expertise.

The demand for self-storage space, especially in the under-served South Coast market, remains considerable, and we are anticipating a strong and growing revenue stream from this asset," said James McCulloch, investment director of Ducalian. What is more, the self-storage model under the Titan brand is easily scalable and holds considerable growth potential across the United Kingdom and even further afield.

Ducalian is a private-equity firm specializing in creating value through planning, developing and occupancy growth in the U.K. real estate market.

U.K. operator Titan Self Storage has multiple locations and targets businesses, students and private customers.