Self Storage to acquire Adamstuen Garasjer from Berg-Jacobsen for $28m.

Self Storage, a Norway-based company engaged in the business of renting out self-storage units, agreed to acquire Adamstuen Garasjer, an owner of the property, from Berg-Jacobsen for $28m. “The acquisition of General Birchs gate 16 is our largest individual freehold acquisition to-date. The property is a good strategic and geographical fit for Self Storage Group due to its size and unique location in central Oslo. With this investment we convert a profitable leasehold interest into freehold ownership, in line with our strategy to grow our freehold portfolio and to further strengthen our position as market leader in the Oslo region," Fabian Søbak, Self Storage CEO.