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Norway-Based Self Storage Group Acquires 5-Property Portfolio in Denmark
SSG operates 116 facilities across Scandinavia

March 31, 2021:  Self Storage Group ASA(SSG), a Norway-based Self Storage Group and its Danish subsidiary, City Self-Storage A/S, have agreed to acquire the shares in Dit Pulterkammer Holding A/S, a Danish regional self-storage operator with five strategically located facilities in the Jutland region and Aarhus area. The facilities comprise approximately 9,300 square meters. The transaction has an enterprise value of DKK 102 million and it is expected to close during the second quarter, according to the source. 

The acquisition will be financed by SSG’s existing bank facility. The company intends to expand three of the properties, adding a total of 2,100 square meters. The five locations have an average occupancy of 79 percentage, the source reported.

Self Storage Group ASA(SSG) is one of the leading self-storage providers in Scandinavia with a particularly strong position in the Norwegian market. Self Storage Group operates 116 facilities across Scandinavia with a current lettable area of 148,200 sqm as of Q4 2020.