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Transactions - JULY 2, 2024

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Merger of Storebox and LOVESPACE creates largest U.K. omnichannel self-storage platform

by Released

Storebox, one of the United Kingdom and Ireland's leading self-storage operators, and LOVESPACE, the United Kingdom and Ireland's largest storage with collection and delivery brand, have announced their merger. This union forms the newly established Spectrum Storage Group, set to become the United Kingdom’s largest omnichannel self-storage business.

The merger creates an unrivalled omnichannel self-storage platform, powered by best-in-class proprietary technology, to cater to all storage needs, from individual boxes to 320-square-foot drive-up units. Spectrum Storage Group is set to offer a comprehensive range of solutions, including doorstep collection and delivery, drive-up container storage and premium indoor options. By combining the extensive real estate and technological capabilities of both companies, this merger creates a unique synergy that sets a new standard in the storage sector.

“This merger combines Oakglen’s self-storage investments to create a mul

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