Shurgard Self-Storage to acquire Lok'n Store Group for £378m.

Shurgard Self-Storage, a self-storage company, agreed to acquire Lok'n Store Group, a self-storage space provider, for £378m. "Following several successful acquisitions over the past year, I am excited to disclose this new acquisition in the UK, which doubles our presence in the country, and accelerates our growth and expansion strategy. This milestone event for Shurgard adds an additional 171,000 sqm MLA, representing two full years of Shurgard's targeted annual expansion, with new ramp-up and development opportunities to accelerate our growth in existing and new UK markets. The acquisition brings with it a strong pipeline and development team, which can be leveraged to accelerate new opportunities in London, the South East and Manchester," Marc Oursin, Shurgard Self-Storage CEO.