Heitman expands U.K. self-storage platform with second acquisition

Heitman has announced the acquisition of Squab Daventry, a self-storage asset located in the Midlands of England. The investment marks the second acquisition expanding Space Station, a U.K. self-storage platform that a Heitman affiliate acquired in late 2020 and adds further density into a key target region of the country.

The asset continues the strategy to grow the Space Station platform as Heitman builds an institutional portfolio of self-storage assets in the United Kingdom. In the near-term, Heitman plans to enhance the offering in the asset and provide higher quality storage solutions to the local community.

“We are pleased to add the Squab Daventry asset to the Space Station portfolio. The asset presents an ideal opportunity to enhance value through the continuation of its conversion and the addition of external storage units,” said Caleb Mercer, managing director of European real estate investment at Heitman. “As we continue to observe tangible economic r