A pack of bidders are circling Entry Self Storage, a privately held community of web sites which has been put up on the market for greater than £1bn.
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Sources stated that QuadReal Property Group, a Canadian-based property investor, may also be among the many bidders.
The public sale, which is predicted to fetch properly over £1bn, is being dealt with by bankers at JP Morgan.
Blackstone, the world’s most prolific investor of personal fairness capital into actual property belongings, has determined to not bid after inspecting the chance, based on one insider.
It comes at a time of frenetic company exercise within the self-storage sector, with a string of offers having been introduced within the final 12 months.
London-listed Lok ‘n’ Retailer was purchased by Shurgard final spring in a deal value near £380m.
The 2 largest gamers within the UK market are Safestore and Huge Yellow.
A deal is predicted to be struck within the coming months.
