Brief: Shurgard Self Storage Gets Building Permit For East London

Shurgard Self Storage

27/09/2022 15:12

Sept 27(Reuters) - SHURGARD SELF STORAGE SA  SHUR.BR  :
    * ANNOUNCED ON MONDAY IT RECEIVED BUILDING PERMIT FOR ITS
DEVELOPMENT PROJECT IN CHADWELL HEATH (EAST LONDON)
    * SELF-STORAGE PROPERTY SET TO OPEN BY END 2023
    * DIRECT PROJECT COST (EXCL. ABSORPTION COST) IS ESTIMATED
TO
AMOUNT TO GBP 14.9 MILLION
    * EXPECTED PROPERTY YIELD AT MATURITY IS EXPECTED TO BE
WITHIN
GUIDANCE (7-8%)

    
 Source text: https://bit.ly/3BRxtVv
 Further company coverage:  SHUR.BR  
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