Brief: Shurgard Signs New Purchase Agreement In Cologne Area (Germany)

Shurgard Self Storage

09/08/2024 09:41

Aug 9 (Reuters) - Shurgard Self Storage Ltd  SHUR.BR : 
    * SHURGARD ANNOUNCED ON THURSDAY IT SIGNED NEW PURCHASE
AGREEMENT
IN COLOGNE AREA (GERMANY)
    * EXPECTS TO OBTAIN PLANNING PERMISSION IN COMING MONTHS 
    * FUTURE C. 6,200 NET SQM SELF-STORAGE FACILITY WILL OFFER
APPROXIMATELY 900 SECURE SELF-STORAGE UNITS
    * FIRST PART OF PROPERTY WITH APPROXIMATELY 480 UNITS SET TO
OPEN
IN 2025, SECOND PART OF PROPERTY SET TO OPEN IN 2026
    * TOTAL PROJECT COST FOR THIS NEW FREEHOLD BUILDING AMOUNTS
TO
€16.2 MILLION AND EXPECTED PROPERTY YIELD AT MATURITY IS
EXPECTED TO BE C. 9%

        
 Further company coverage:  SHUR.BR  

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