Heitman LLC (“Heitman”), a global real estate investment management firm, has announced the closings of three new sites across the UK that will be developed or converted into self-storage facilities as part of the Space Station platform.
The expansion acquisitions were made on behalf of an affiliate of Heitman. Through its initial acquisition of the Space Station platform in late 2020 and continued acquisitions to expand the platform, Heitman has added further storage density in key target regions of the country including Birmingham and Yorkshire.
Consistent with Heitman’s requirements, the sites will be developed to high-quality storage specifications and operated under the Space Station banner, targeting best-in-class ESG credentials in line with Heitman’s 2030 net-zero carbon goal. This continues the strategy to grow the Space Station platform as Heitman builds an institutional portfolio of self-storage assets in the UK.
“We’ve already experienced significant value uplift across our European self-storage holdings and are pleased to continue to aggregate high-quality, strategically located UK self-storage assets for the Space Station portfolio,” said Caleb Mercer, Heitman Managing Director of European Real Estate Investment. “We remain acquisitive and will continue to strategically add assets to the portfolio as we believe there is significant opportunity to create value while benefiting from the growth of this still developing European sector.”
You can now read the full press release at the link below