Brief: Shurgard Self Storage Signs New Purchase Agreement In Bonn, Germany

Shurgard Self Storage

30/04/2024 18:16

April 30 (Reuters) - Shurgard Self Storage Ltd
 SHUR.BR :
    * SHURGARD SIGNS NEW PURCHASE AGREEMENT IN BONN,
NORTH-RHINE-WESTPHALIA REGION (GERMANY)
    * EXPECTS TO OBTAIN PLANNING PERMISSION IN THE COMING MONTHS
    * SELF STORAGE FACILITY IS SET TO OPEN END OF 2026
    * TOTAL PROJECT COST FOR NEW FREEHOLD BUILDING (EXCLUDING.
ABSORPTION COST) AMOUNTS TO €16.6 MILLION WITH EXPECTED PROPERTY
YIELD AT MATURITY OF C. 9%
    * THESE PROJECTS WILL ADD A TOTAL OF 70,900 SQM OF NET
SELF-STORAGE SPACE – OR C. 40% OF THE EXISTING SHURGARD
FOOTPRINT IN THE GERMAN MARKET

Further company coverage:  SHUR.BR 

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