(Oslo, March 16th 2023) Self Storage Group ASA (Self Storage Group, OSE:SSG) has
entered into an agreement to acquire a property in Lundavägen in Malmö, Sweden.
The transaction has a value of SEK 39,8 million and the property has a potential
lettable area of 4700 square meters. The facility is projected to open in Q1
2024, and will be operated under the City Self-Storage brand.
"We are pleased to announce this acquisition, which is our 2[nd] property
acquisition in Malmö this year. The property has a central location with unique
visibility from main roads. This acquisition is in line with our strategy to
grow organically in the Swedish market. The property will give SSG a strong
footprint in the Malmö, SwedenŽs 3[rd] largest city" says Fabian Søbak, Chief
Executive Officer of Self Storage Group.
Self Storage Group ASA engages in the business of renting out self-storage units
to both private individuals and businesses through the two concepts