Brief: Shurgard Signs Land Purchase Agreement In Berlin

Shurgard Self Storage

12/06/2024 18:01

June 12 (Reuters) - Shurgard Self Storage Ltd  SHUR.BR :
    * SHURGARD SIGNS PURCHASE AGREEMENT IN BERLIN
    * HAS SIGNED A LAND PURCHASE AGREEMENT IN SOUTH WEST BERLIN
AND
EXPECTS TO OBTAIN A PLANNING PERMISSION IN THE COMING MONTHS
    * THE FUTURE C. 6,700 NET SQM SELF-STORAGE FACILITY WILL
OFFER
APPROXIMATELY 1,000 SECURE SELF-STORAGE UNITS
    * IT IS SET TO OPEN IN 2026
    * TWO MAJOR NEW RESIDENTIAL DEVELOPMENTS, LOCATED OPPOSITE
THE
STREET, ARE SCHEDULED FOR COMPLETION WITHIN THE NEXT TWO YEARS
    * TOTAL PROJECT COST FOR THIS NEW FREEHOLD BUILDING AMOUNTS
TO EUR
17.3 MLN AND THE EXPECTED PROPERTY YIELD AT MATURITY IS EXPECTED
TO BE C. 8%

Source text: https://tinyurl.com/46am5nu9
Further company coverage:  SHUR.BR 

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