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The self-storage industry continues to blossom around the globe as demand for the service drives growth. Maturing and new markets face a number of challenges including barriers to entry, consumer ignorance, lack of land or funding, and others. However, operators worldwide are finding a foothold and celebrate many successful business ventures.

Self Storage Association Asia Announces 2023 Award Winners

Apr 26, 2023

Self Storage Association Asia (SSAA), a trade association dedicated to supporting industry professionals that work in emerging markets along the Pacific Rim, announced the winners of its annual awards program. A virtual ceremony was held on April...

Redefine Properties/Griffin Capital Joint Venture Acquires Majority Stake in Poland Self-Storage Operator Stokado

Apr 17, 2023

A joint venture between South Africa-based real estate investment trust (REIT) Redefine Properties and Poland-based private-equity firm Griffin Capital Partners has acquired a majority stake in Stokado Self Storage, which operates 16 facilities in...

Cynergy Bank to Serve U.K. Self-Storage Businesses

Apr 03, 2023

U.K.-based Cynergy Bank will begin offering loans to local self-storage operators and investors, including those for facility acquisitions and refinancing. The company cited the industry’s growth and trading volume in the region as reasons for its...

Self-Storage in South Africa: Market Insight From StorageBuddy

Apr 01, 2023

The young self-storage industry in South Africa is experiencing a growth spurt, thanks in part to the pressures and changes brought on by the coronavirus pandemic. The CEO of StorageBuddy, which operates a lead-generation website, explores what’s...

Access Self Storage in England Collects Easter Eggs for Local Charities

Mar 15, 2023

Update 3/15/23 – Access Self Storage has launched its 2023 Easter Egg Appeal to gather chocolate eggs that’ll be gifted to local charities for the upcoming holiday. Donations are being collected through March 31 at the company’s facilities in...

Mitiska REIM Forms Strategic Partnership With Storo to Expand Self-Storage Portfolio

Mar 15, 2023

Mitiska REIM, a Belgium-based real estate investment firm, has formed a strategic partnership with Belgium self-storage operator Storo by acquiring a stake in its automated platform. The joint venture intends to expand Storo’s footprint locally...

Cinch Self Storage Plans UK Portfolio Expansion, Opens Facility in Newbury, England

Mar 09, 2023

Cinch Self Storage, which operates 12 facilities in England, has doubled its leasable space in the last 12 months and has five projects underway that it expects to open this year. These are in Brentwood, Watford and Wimbledon, England, with...

Shurgard Self Storage Becomes UK-Based REIT

Mar 07, 2023

Update 3/7/23 – Shurgard Self Storage officially became a U.K.-based REIT on March 1. Though its stock will remain listed on Euronext Brussels, it’ll trade under a new International Securities Identification Number, GG00BQZCBZ44, beginning on...

What’s Happening in the Canadian Self-Storage Industry as We Start 2023

Mar 01, 2023

Like many self-storage markets in this post-pandemic, inflationary environment, Canada is experiencing steady growth as well as a host of new investing and operational challenges. Read what’s driving change in the industry from one of the nation’s...

Redefine Properties Enters Polish Self-Storage Market

Feb 27, 2023

Redefine Properties, a South Africa-based real estate investment trust (REIT), is diversifying its portfolio by investing in self-storage in Poland. The company is collaborating on the venture with strategic partner Griffin Capital Partners, an...