Brief: Shurgard Self Storage Signs Purchase Agreement In Utrecht Area

Shurgard Self Storage

01/08/2023 08:06

Aug 1 (Reuters) - SHURGARD SELF STORAGE LTD  SHUR.BR :
    * ANNOUNCED ON MONDAY IT HAD SIGNED NEW PURCHASE AGREEMENT
IN
UTRECHT AREA (RANDSTAD, THE NETHERLANDS)
    * PURCHASE AGREEMENT FOR A PLOT OF LAND, ALONG WITH EXISTING
BUILDING IN NIEUWEGEIN (UTRECHT AREA)
    * FUTURE SELF-STORAGE FACILITY WILL OFFER AROUND 600
SELF-STORAGE
UNITS TO LOCAL RESIDENTS AND BUSINESSES
    * EXPECTS TO OBTAIN PLANNING PERMISSION IN THE COMING MONTHS
AND
THEN CONVERTS THE BUILDING INTO A SELF-STORAGE PROPERTY
    * SET TO OPEN IN JULY 2024
    * TOTAL PROJECT COST (EXCL. ABSORPTION COST) AMOUNTS TO EUR
8.7
MLN AND THE EXPECTED PROPERTY YIELD AT MATURITY IS EXPECTED TO
BE AROUND 9%

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL5z0R0
 Further company coverage:  SHUR.BR  

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