Brief: Shurgard Self Storage Signs EUR 13.3 Million Purchase Agreement In Frankfurt

Shurgard Self Storage

08/08/2023 17:24

Aug 8 (Reuters) - Shurgard Self Storage Ltd  SHUR.BR :
    * SHURGARD SELF STORAGE SIGNS NEW PURCHASE AGREEMENT IN
FRANKFURT
(GERMANY)
    * THE FUTURE C. 5,900 SQM SELF-STORAGE FACILITY WILL OFFER
APPROXIMATELY 850 CLEAN AND SECURE SELFSTORAGE UNITS, IT IS SET
TO OPEN IN 2025
    * TOTAL PROJECT COST FOR THE NEW FREEHOLD BUILDING
(EXCLUDING.
ABSORPTION COST) AMOUNTS TO EUR 13.3 MILLION AND THE EXPECTED
PROPERTY YIELD AT MATURITY IS EXPECTED TO BE ABOUT 8%
    * PROJECTS WILL ADD A TOTAL OF 47,800 SQM OF NET
SELF-STORAGE
SPACE

Source text: [https://bit.ly/47qs4Du]
Further company coverage:  SHUR.BR 

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