Cuboid Self-Storage, which operates six container self-storage facilities in the United Kingdom, is expanding its portfolio by adding new locations and increasing its quantity of containers. The company is partnering with property-management firm FI Real Estate Management to identify sites for 13 new facilities, according to a press release.
“We started to expand Cuboid in June 2022, and now our six current sites are fully [rented]. We’re seeing increasing numbers of inquiries for both private and commercial use. The growth in online retail is driving both, with requirements from retailers who want to store their products, and the consumers who buy them but don’t have room at home,” the release stated. “Customers tell us they are drawn by simple payment processes, plus easy yet secure access, so we’re pleased to be growing our sites and quadrupling the number of units in the coming weeks and months.”
“The demand for self-storage in the U.K. is growing, exacerbated by the growth of e-commerce, lack of residential floorspace and unabating consumerism,” said Tim Knowles, founder and managing director of FI Real Estate. “Our partnership with Cuboid is part of a strategic plan to enhance our nationwide network of property assets by providing easily accessible, secure and flexible storage solutions. We’re pleased to see the business expanding its presence across so many of our sites.”
Cuboid has locations in England and Wales. Its containers are 1,200 cubic feet each and accommodate up to 240 medium-sized boxes.
FI Real Estate Management has 40 years of experience providing workspace, asset and property management in the industrial, office, retail and residential sectors.