UK’s Space Maker Storage Up for Sale

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The Space Maker Group, which operates 12 U.K. self-storage facilities, is up for sale for the second time in two years. Managed by PricewaterhouseCoopers, the sale is in the second round of bids. According to an article in The Independent, initial bids did not exceed £31, and management and private equity backers are believed to want an offer closer to the £63m Babcock & Brown Global Partners paid in late 2007.
 
Based in Chiswick, West London, the company was established in 2000 by property entrepreneurs David Hicks and Dougald McLachlan. In addition to its self-storage facilities, the company has a removals subsidiary, in Bournemouth.
 
Source: The Independent (London), For sale: Self-storage firm Space Maker, complete with 11 depots and £45m debt

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