Brief: Shurgard Self Storage Acquires Germany's Top Box

Shurgard Self Storage

10/10/2023 17:21

Oct 10 (Reuters) - Shurgard Self Storage Ltd  SHUR.BR :
    * TOP BOX PORTFOLIO ACQUISITION IN GERMANY
    * IN TOTAL THE TRANSACTION WILL BE ADDING C. 32,800 NET SQM
OVER
THE COMING YEARS
    * PURCHASE PRICE OF THE ACQUISITION IS € 69.2 MILLION
    * THE TOTAL INVESTMENT FOR THIS ACQUISITION WILL BE C. €
97.6
MILLION
    * DEVELOPMENT OF TWO ADDITIONAL PROJECTS DURING 2025, FOR C.
9,100
NET SQM
    * THE ACQUISITION’S STABILIZED YIELD IS EXPECTED TO BE AT C.
8%
WITHIN SIX YEARS

Source text: https://tinyurl.com/28v84m6v 
Further company coverage:  SHUR.BR 

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