Self Storage Group

Self Storage Group ASA - Acquisition of property in Gjøvik, Norway

(Oslo, July 4rd 2023) Self Storage Group ASA (Self Storage Group, OSE:SSG) has

entered into an agreement to acquire a property under development in Skjerven

næringspark in Gjøvik, Norway. The transaction has a value of NOK 18,9 million

and the property has a potential lettable area of 1400 square meters. The

facility is projected to open in first half of 2024 and will be operated under

the City Self-Storage brand.

We are pleased to announce the acquisition of this property, which will be our

2[nd] facility in Gjøvik. With this acquisition we strengthen our market leading

position in the Innlandet region. This acquisition is in line with our strategy

to grow our freehold portfolio in selected markets. The demand for self-storage

is growing, and the demand has proven to be resilient during previous

recessions. Especially urbanization and smaller living spaces are causing an

increasing need for external storage solutions" says Fabian Søbak", Chief

Executive Officer of Self Storage Group.

Self Storage Group ASA engages in the business of renting out self-storage units

to both private individuals and businesses through the two concepts; OK

Minilager and City Self-Storage. The company is one of the leading self-storage

providers in Scandinavia with a particularly strong position in the Norwegian

market. Self Storage Group operates 139 facilities across Scandinavia with a

current lettable area of 190 000 square meters as of Q1 2023.

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