Bermuda Self-Storage Facilities Leasing Up Before Opening
Copyright 2014 by Virgo Publishing.
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Posted on: 03/24/2010



 

Two new self-storage facilities slated to open this spring in Bermuda are already seeing a lot of interest from the locals.

Island Self Storage, developed by Don Mackenzie, chairman of New Venture Holdings Ltd., in collaboration with business consultant Glen Smith, president of Island Solutions (Bermuda) Ltd., will open in May. Bermuda Public Storage, developed by Troy Burrows of Burrows Construction, will open in June.

Both companies began marketing the facilities months ago. Brochures detailing Island Self Storage’s services and amenities were distributed in November and December to commercial renters and condo developers, followed by a billboard campaign in January and February, and website and advertising promotions. The facility already has 20 percent leaseup.

Island will have 300 self-storage units in a variety of sizes, plus wine storage and climate control. It will also have a retail shop for packing supplies, fax and photocopy services. It’s located near one of the island’s biggest industrial estates.

"We feel the market will not only appeal to residential clients, but we are getting interest from small businesses who want small spaces on a month-by-month basis as well," Mackenzie said.

Burrows also launched a marketing campaign through the local media and signage to promote the development of Bermuda Public Storage. "We are renting storage units now on a daily basis, with businesses taking quite a bit of space and some interest from the residential market as well,” he said. “We are at about 50 percent full and expect to be up to about 65 to 70 percent by the time we are ready to open."

The 50,000-square-foot facility has two underground floors and five above ground floors, including a mezzanine level. The facility also offers specialty storage for files, wine and climate control.

Source:  The Royal Gazette,  Self-Storage Buildings Generate Good Take-Up Ahead of Openings

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