Brief: Shurgard Increases Expansion Plan In Stuttgart

Shurgard Self Storage

05/09/2023 06:24

Sept 5 (Reuters) - Shurgard Self Storage Ltd  SHUR.BR :
    * INCREASES EXPANSION PLAN IN STUTTGART (GERMANY)THROUGH
SECURED
PLANNING PERMISSION AND NEW LAND PURCHASE AGREEMENT
    * THE FUTURE C. 7,000 SQM SELF-STORAGE FACILITY IS LOCATED
IN THE
CENTRAL-EAST DISTRICT OF STUTTGART
    * IT WILL OFFER APPROXIMATELY 1,000 CLEAN AND SECURE
SELF-STORAGE
UNITS AND IS SET TO OPEN IN 2024
    * TOTAL PROJECT COST FOR THE NEW FREEHOLD PROPERTY (EXCL.
ABSORPTION COSTS) AMOUNTS TO €16.4 MILLION AND THE EXPECTED
PROPERTY YIELD AT MATURITY IS EXPECTED TO BE C. 8-9%

        
 Source text : http://tinyurl.com/28fucoq7
 Further company coverage:  SHUR.BR  

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