Harworth said transation evidences that it is progressing with “key initiatives to create a simpler, lower-cost and higher-returning platform”
The five-asset 1,570 bed portfolio was acquired for circa £165m, making it one of the largest completed acquisitions in the sector this year
Existing shareholder Ki Corporation will now have a majority 40% holding in Storage King
GIP to make $1.8bn capital contribution in return for a throughput-based tariff over a period of up to 15 years
Aacquisition aligns with WMPF’s strategy of investing in high quality assets backed by strong occupiers and long-term structural demand