UK Investment Firm To Start Self-Storage Pipeline

UK-based investment and development firm Woodbourne Group has announced plans to build a pipeline of self-storage facilities in England, beginning with a multi-million-pound development in the West Midlands.  Cushman & Wakefield is advising Woodbourne Group on its self-storage plans.

The firm will start with the £9m redevelopment of a 1.03-acre site at Pedmore Road, Brierley Hill, Dudley. A 31,750 sq ft industrial building will be repurposed to create a 50,000 sq ft self-storage facility, bringing investment to the area and generating new employment opportunities. The development will involve recladding, reroofing, and reconfiguring the entrances to suit the requirements of a modern self-storage unit.

Located on Pedmore Road, Dudley, along the A4036, the site is currently used as a factory producing butt-weld pipe fittings.

Woodbourne Group is also spearheading the £360m Curzon Wharf scheme, a waterside development within an eight-minute walk of the new HS2 Curzon Street Station, featuring what will be Birmingham’s tallest building. The development will include a 53-story tower with 498 units of built-to-rent accommodation, a 41-story tower with up to 732 units of purpose-built student accommodation, and a 14-story development with up to 122 units of residential space. 

Tani Dulay, CEO of Woodbourne Group, said: “We are pleased to have secured planning permission for a premium self-storage facility in Brierley Hill, marking our entry into the self-storage sector.”

Associate partner Steffan Morgan said: “The consented scheme provides an excellent opportunity to develop the property into a self-storage facility. Conversion opportunities in prominent locations are highly sought after in the undersupplied self-storage market and help deliver much-needed volume.”