Brief: Shurgard: Acquisition Of Pickens Self-Storage In Germany For EUR 120 Mln

Shurgard Self Storage

06/02/2024 17:24

Feb 6 (Reuters) - Shurgard Self Storage Ltd  SHUR.BR :
    * SIGNIFICANTLY STRENGTHENS ITS GERMAN MARKET POSITION WITH
SIX
STORES ACQUIRED FROM PICKENS
    * SHURGAHIGH-QUALITY FREEHOLD PORTFOLIO OF THREE OPERATING
PROPERTIES IN BERLIN AND THREE IN HAMBURG. SHURGARD IS NOW THE
NUMBER 2 OPERATOR IN GERMANY
    * PURCHASE PRICE IS €120.0 MILLION, RESULTING IN A TOTAL
COST OF
ACQUISITION OF C. €131.8 MILLION
    * PORTFOLIO IS ACCRETIVE FROM ITS INTEGRATION WITH POSITIVE
CASHFLOWS TO SHURGARD

Source text: http://tinyurl.com/262zj5fs
Further company coverage:  SHUR.BR 

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