Big Box Self Storage £100m business sale to StorageMart
asb law acted for the shareholders of long-term client, Big Box Self Storage in its sale to US operator StorageMart for in excess of £100 million. A deal which is believed to be the largest-ever single self-storage transaction in the UK.
Big Box has 15 storage centres across the South East of England, totalling nearly 700,000 square feet of storage and employs over 50 staff. The business was sold to StorageMart, which is the world’s largest privately-owned storage company with 189 storage facilities and 12.4 million square feet of rentable storage space in the US, Canada and now the UK.
The multi-disciplined legal team at asb law was led by partner, Claire Williams, supported by corporate finance solicitor, Nikki Ashfield, and property services solicitor, Lauren Kelly.
asb law had been working with Big Box since its inception, supporting continued revenue growth and portfolio expansion across the South East. Our continued, close relationship with the management team made it even more rewarding to see the results of Big Box's hard work culminating in a successful sale to StorageMart, a deal that was noteworthy for its size and cross-border investment.
asb law and Jones Lang LaSalle advised Big Box. StorageMart was advised by Clifford Chance.
Published: 26 Jun 2017