Major Investors Compete to Purchase Access Self Storage of the UK, Potentially Valued at More Than £1BMajor Investors Compete to Purchase Access Self Storage of the UK, Potentially Valued at More Than £1B

ISS Staff

February 4, 2025

2 Min Read
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Access Self Storage, which operates 60 facilities in the United Kingdom, is up for sale and has received non-binding offers from several large investors including private-equity firms Aermont Capital and TPG Inc. as well as Shurgard Self Storage Ltd., the European affiliate of U.S.-based real estate investment trust Public Storage Inc. Canadian investor QuadReal Property Group may also have submitted an offer. Blackstone Inc., an American alternative-investment management company based in New York City, decided not to bid after examining the opportunity, according to sources.

Access appointed JPMorgan Chase to find a buyer for the company last year. The sale, expected to conclude in 2025, could reach more than £1 billion, a source reported.

Founded in 2007 by Léon Bressler, Aermont is a European asset-management group focused on real estate. It has launched five funds for real estate investments across Europe.

Shurgard operates 335 self-storage facilities comprising 1.6 million net rentable square meters in Belgium, Denmark, France, Germany, Netherlands, Sweden and the U.K. The company acquired U.K. operator Lok’nStore for £378 million last year. The transaction included 43 facilities in Manchester and Southeast England. At the time, Shurgard CEO Marc Oursin said the company was excited to acquire, develop and expand its self-storage footprint in the U.K. as well as other European markets.

Related:My Very First Self-Storage Acquisition: Lessons I Learned and Investing Mistakes to Avoid

TPG, previously known as Texas Pacific Group and TPG Capital, is a private-equity firm based in Fort Worth, Texas. It manages investment funds in growth and venture capital, public equity, and debt investments. It has $239 billion in assets under management.

Vancouver, British Columbia-based QuadReal is a real estate investment and property-management firm. It has more than $89 billion in assets under management across Asia Pacific, Canada, Europe, U.K. and the United States.

Sources:
Property Week, Potential Buyers Eye £1BN Access Self Storage Deal
Sky News, TPG and Pinewood Owner Aermont Eye Self-Storage Group Access

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