Self-storage company Lok’nStore has acquired a 0.9 acre site in Longwell Green, Bristol, for an operating centre.
The 50,000 sq ft storage centre will have a total cost after construction and fit out of around £4m, and will take Lok’nStore’s total number of centres to 26.
Chief executive Andrew Jacobs said: “We’re pleased to announce the acquisition of this well-located site in Bristol. This is a key part of our strategy and adds a further site to our store development programme.
“The news comes at an exciting time for Lok’nStore as we are currently in an expansion phase, building out our existing site pipeline, and this adds a further site to our portfolio. We have recently opened a store in Maidenhead and the Bristol site is likely to be built after the completion of this year’s new store programme, which includes sites in Reading, Southampton and Aldershot.”
chris.berkin@estatesgazette.com
