StorageMart, the American self-storage firm, has entered Europe with the acquisition of 15 self storage facilities in Southeast England.
The deal, in which StorageMart purchased the Big Box Storage Centre company, was reported to have exceeded £100 mln (€112 mln).
'Big Box is an important entrance into the United Kingdom for StorageMart. We plan to use the substantial Big Box platform to grow within the UK. These are great locations in solid markets, and we look forward to applying our technology platform and revenue management strategies at these stores,' said Cris Burnam, president of StorageMart.
The acquisition spans 15 locations with a total of 9,655 storage units and 674,800 ft2 (62,700 m2)in Kent, Brighton & Hove, East Sussex, West Sussex, Norfolk, Suffolk, Essex, Buckinghamshire, Hertfordshire and Surrey.
'Our goal is to bring to UK storage customers an easy, stress-free customer experience, in the cleanest stores, with world class customer service,' added Burnam.
StorageMart is the world's largest privately-owned self storage provider. The deal brings its total portfolio to over 110,500 storage units across 12,482,670 sq ft in the US, Canada and the UK.
