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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.

South Africa Self-Storage Operator U Can Store Supports Local Charities

Nov 02, 2022

U Can Store, which operates five self-storage facilities in Johannesburg, South Africa, is supporting two local nonprofits with free storage and food donations. The contributions are part of the company’s new social-responsibility initiative...

PineBridge Benson Elliot Acquires Controlling Stake in Spanish Self-Storage Operator Necesito un trastero

Nov 02, 2022

PineBridge Benson Elliot, a U.K.-based real estate fund manager, has acquired a controlling interest in Necesito un trastero SL, which operates 81 self-storage locations across Spain. The company’s portfolio comprises more than 20,000 square...

UK Self-Storage Operator Lok’nStore Releases Financial Results for Fiscal Year Ending July 2022

Nov 02, 2022

U.K. self-storage operator Lok’nStore Group PLC has released financial results for the fiscal year that ended July 31, 2022. The company’s revenue was £26.9 million, a 22.9% increase over the previous year. The surge was driven by significant...

Today Norway, Tomorrow the World? Flexistore Aims to Expand Its Automated Self-Storage Platform

Nov 01, 2022

Flexistore burst onto the Norway self-storage scene in 2017 behind an automated approach that streamlines facility operation and makes it easy to enter the business. Backed by third-party seed funding, the company has completed an aggressive...

Joint Venture Between Dutch, Singapore Investment Firms to Acquire Extra Space Asia

Nov 01, 2022

Dutch pension-fund manager APG Investments Asia Ltd. (APG) and Singapore-based real estate firm CapitaLand Investment Ltd. (CLI) have formed a joint venture to acquire and expand Extra Space Asia (ESA), a privately owned self-storage operator with...

Titan Self Storage of England Hosts Halloween Giveaway to Benefit Charity

Oct 24, 2022

Titan Self Storage, which operates eight facilities in England, is hosting a Halloween-themed giveaway that’ll award one winner with Hotel Chocolat treats plus a donation of £150 to a local charity of the winner’s choice. To enter, a person must...

Leo Global Logistics Opens 2nd Self-Storage Facility in Bangkok, Plans Further Expansion

Oct 21, 2022

Logistics company Leo Global Logistics PCL (LGL) has opened its second Leo Self Storage location in Bangkok. The company intends to open two more facilities by the end of next year, with 10 more planned within five years. The new site will target...

Singapore Self-Storage Operator Lock+Store Pursues Environmental Initiatives

Oct 19, 2022

Update 10/19/22 – Lock+Store has signed an agreement with Singapore-based Union Solar Pte. Ltd. to mount a rooftop photovoltaic (PV) system at its Chai Chee self-storage facility. The company will receive free installation and benefit from energy...

Shurgard Self Storage Receives High GRESB Ratings for Sustainability Performance

Oct 19, 2022

Update 10/19/22 – Shurgard improved its GRESB score for the second consecutive year by earning a five-star rating in 2022. The company received an overall score of 90%, which was a three-point improvement over last year. It also received a 29 out...

FEDESSA Announces Self-Storage Award Winners at Portugal Conference

Oct 05, 2022

During its recently concluded annual conference and tradeshow in Quarteira, Portugal, Sept. 27-29, the Federation of European Self Storage Associations (FEDESSA) announced the winners of its annual awards. A commemorative dinner had more than 420...