28 October 2016
Clifford Chance advises StorageMart on the largest ever investment transaction in the self-storage sector in the UK
International law firm Clifford Chance has advised Big-Box-Self-StorageUS operator StorageMart on the acquisition of 15 Big Box Storage Centre locations in Southern England, marking StorageMart’s entry into the European self storage industry.
BigBox Self Storage has 15 stores, totalling nearly 700,000 sq ft of self-storage, across the south east of England. StorageMart is the world’s largest privately owned storage company and has 189 storage facilities and 14.3m sq ft of storage space in the US, Canada and now the UK. Following the acquisition, StorageMart will now serve the counties of Kent, Brighton & Hove, East Sussex, West Sussex, Norfolk, Suffolk, Essex, Buckinghamshire, Hertfordshire and Surrey.
The Clifford Chance team advising StorageMart was led by Corporate Partner Tim Lewis, with support from Partners Jane Cheong Tung Sing, Catherine Cook and Nick Mace.