Our business

Introducing Storage King

In November 2017 Stor-Age acquired a 97.3% interest in Storage King, the sixth-largest self storage brand in the United Kingdom.

The acquisition represented an opportunity to acquire a portfolio of well-located properties and a growth platform with well-invested infrastructure and an experienced management team. The team have considerable industry experience and a track record of demonstrable operational management, improvement and acquisitive growth.


Storage King operates 26 well-located properties throughout England.

Overview of Storage King
  • 6th largest operator in the UK by number of stores
  • Owns 14 properties (‘Core Portfolio’) – nine freehold and five leasehold, with an average 14.5 year unexpired lease-term
  • In addition to the Core Portfolio, a further 12 properties trade under license of the Storage King brand, generating license and management fee revenue
  • Highly scalable, well-invested infrastructure and experienced management
  • Additional upside growth potential – operational cost savings and revenue enhancement
  • Well positioned to secure upcoming opportunities via long-established relationships with independent operators
Portfolio overview
  • Well located, with a bias towards the South-East and East
  • Near key market towns and major arterial roads
  • GLA
    614 000 sqf
  • Average occupancy
  • Average rental rate
    £21.13 per sqf pa
  • Average store size
    44 000 sqf
Exceptional platform opportunity
  • Established management team in place, with significant ‘on the ground’ experience
  • Established operating platform, high quality property portfolio and pipeline of opportunities
The UK market presents a strong growth opportunity.
1 505
Self storage properties, offering approximately 44.6 million sqf of space
Occupancy on current lettable space
Y-o-Y increase in total space occupied
29 600 sqf
Average size of store
44.6m sqf
Total space available to customers
2.4m sqf
Added in 2017, with 70 new stores added
Properties owned or managed by large operators
The UK holds 48% of total European self storage market
Occupancy and profitability growth indicates demand is growing faster than supply
Source: The Self Storage Association UK annual industry report, 2018

The UK self storage industry is well-established and competitive, however when compared to the US and Australian markets, it represents a relatively immature market with significant growth opportunities, supported by attractive sector fundamentals.

UK industry statistics