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.”
More Content
Popular Posts
The self storage industry is in a precarious...
Joe Shoen, CEO of U-Haul, has had enough.
Like its name implies, Surprise, Ariz., a...
Self-storage operators wear a lot of hats....
The question of “abandonment” of stored...
In a booming economy, expendable income...
In a record-breaking deal finalized May 12,...
Mother Nature can be a cruel mistress....
Boat and RV storage has morphed and...
Senate Bill 709 (SB709) has many in the...
Recent Posts
It's been 13 days since catastrophic...
The idea of interior design often conjures...
Delinquent tenants are an inevitable part of...
Most leaders don’t ignore change because...
The self-storage sector has experienced a...
After 25 years in self-storage, I’ve seen...