Self-storage firm Lok’nStore plans to add almost 50% to its trading space after revenue rose by 10%.
In a trading update, the fast-growing self-storage company said same-store revenue was up by 10.3%, and the average price per square foot was up by 9.2%. Net asset value has remained broadly unchanged.
Chair Andrew Jacobs said: “When fully developed, our current new store pipeline will add 48.8% to our owned trading space.”
He added that the firm was looking at “a number of opportunities beyond the secured pipeline”.
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