Kangaroo Self Storage has taken a leap forward in its ambitious growth strategy that sees the company gain a strong presence in the Midlands.
The self-storage company has acquired the Nottingham, Hanley and Tunstall sites owned by Jumbo Self Storage. This transaction was funded by both equity from Kangaroo Self Storage and debt through HSBC.
The acquisition creates a link between the company’s six facilities in the North West of England and its recently acquired site in Grimsby. Together, the three sites add a further 87,000 sq ft of Maximum Lettable Area - rental storage space - to the Kangaroo portfolio.
The move to the Midlands marks the start of an accelerated programme of expansion for Kangaroo Self Storage through strategic acquisitive growth.
Commenting on the purchase, Chris Stevens CEO of Kangaroo Self Storage said; “The addition of this cluster of stores in the Midlands makes strategic sense alongside our existing portfolio of storage facilities.”
“We have a strong pipeline that will see us continue to expand across the UK regions – bringing self-storage services to undersupplied markets across the UK.”
“We’re very fortunate to retain the teams in store. What is clear is that there is a shared desire to deliver quality customer service, and this is borne out by enduring strong reviews and customer feedback, a cornerstone of Kangaroo. I very much look forward to working with the teams to continue to build on the customer service and storage offering.”
Chris added; “We are enormously thankful for the support of the Jumbo Self Storage team during the sale process and through the transition.”
Jonathan Whitfield, Relationship Director – Real Estate Finance for HSBC said, “As a bank we strongly believe in the self-storage market and like to back high-quality operators like Kangaroo Self Storage. We have worked with Kangaroo for the last eight years and we look forward to supporting their growth through this latest acquisition in the Midlands and forthcoming opportunities.”
We are excited to bring our services to the Nottingham area, offering convenient storage for local residents and businesses. Our new facility is located just off the A52 near the Boots head office and Showcase Cinema. For student storage Nottingham we’re also just 5 minutes from the University of Nottingham and 10 minutes from Nottingham Trent University. Customers using our self storage units in Nottingham can benefit from features like 24-hour CCTV monitoring, access 7 days a week, and drive-up storage options for easy access. You can find our Nottingham site at 10 Bull Close Road, Lenton, Nottingham, NG7 2UL.
Kangaroo have also made their way to Stoke-on-Trent area with facilities in Hanley and Tunstall. The Hanley location is found just off the A52 on Leek Road, nearby to the Emma Bridgewater factory, making us accessible from the A50, A52 and M6, as well as Stoke-on-Trent train station and Staffordshire University. You can find our Hanley site at 292 Leek Road, Hanley, Stoke-on-Trent, ST4 2BX. Our Tunstall facility is located just off the A5271, close to Victoria Park and around 10 minutes from the centre of Stoke-on-Trent. You can find our Tunstall site at 2 Beaumont Road, Tunstall, Stoke-on-Trent, ST6 6BE. Both of our Stoke-on-Trent facilities have a range of storage units to meet various customer needs, from furniture storage to business storage, including drive-up units. Business in the Chell, Packmoor, Talke, and Kidsgrove areas can take advantage of our office space offerings at Kangaroo Self Storage Tunstall, for a convenient location to conduct business.
The three sites at Hanley, Tunstall and Nottingham will be rebranded to Kangaroo Self Storage. Kangaroo Self Storage Ltd operates across ten sites in Scotland and the North West of England and has two sites under development in the North East. Further information can be found at www.kangarooselfstorage.co.uk
Kangaroo Self Storage was advised by MBM Commercial LLP, JLL and Temple Bright LLP.
