The self-storage industry is growing significantly, with increasing demand from commercial and domestic customers.
Domestically the long-term demographic trends include expanding populations, smaller residential properties, and increased shared use all creating a demand for more space. In the UK, domestic demand is intrinsically linked to the housing market, particularly as the country grapples with shortfalls in housing.
The sector is highly fragmented with many single site operations running throughout the UK and Europe. The growth and returns available for good site locations is leading to a surge in investor interest within the market.
Deal activity continues to flourish, with a large number of operators opening new stores and acquiring sites to develop. Occupancy for greenfield sites can take time to mature, and entry to the market often requires a significant amount of capital expenditure. As such, PKF Smith Cooper anticipates that the sustainable growth within the sector will lead to a swell in transactions.
How we can help
The UK self-storage sector is an exciting space, and there is ample opportunity for consolidation, with many in the UK market looking to develop a nationwide UK footprint.
Our specialist Corporate Finance division at PKF Smith Cooper has extensive experience within the market, supporting clients both nationally and internationally with a range of transactions, including company disposals, acquisitions, management buy-outs and fundraising.
As active dealmakers within the market, our team work to create innovative solutions that surpass expectation and drive transactional outcome.
