Kangaroo Self Storage is constructing new units at its facility in Glasgow, Scotland, due to demand for the service in the region. The facility’s existing 588 units will grow to 940.
The company also plans to invest in improvements at its property in Dundee, Scotland, as well as develop new facilities, according to the source. Kangaroo recently obtained a £3.8M loan from HSBC Holdings PLC, a British banking and financial-services firm, to assist in its expansion.
Company officials cited a “difficult property market during the recession” as a catalyst for the growth. "We've seen increased demand across all the sectors, with the number of householders moving back home to live with their parents, businesses taking advantage of the flexibility of our storage space in uncertain times, and students increasingly using storage rooms over the summer holidays,” said Chris Stevens, managing director.
Base in in Haddington, Scotland, Kangaroo Self Storage operates two properties in Dundee and Glasgow.