Self Storage Group

M&A Activity • Mar 16, 2023

Self Storage Group ASA - Acquisition of landmark property in Malmö, Sweden

Self Storage Group ASA - Acquisition of landmark property in Malmö, Sweden

(Oslo, March 16th 2023) Self Storage Group ASA (Self Storage Group, OSE:SSG) has

entered into an agreement to acquire a property in Lundavägen in Malmö, Sweden.

The transaction has a value of SEK 39,8 million and the property has a potential

lettable area of 4700 square meters. The facility is projected to open in Q1

2024, and will be operated under the City Self-Storage brand.

"We are pleased to announce this acquisition, which is our 2[nd] property

acquisition in Malmö this year. The property has a central location with unique

visibility from main roads. This acquisition is in line with our strategy to

grow organically in the Swedish market. The property will give SSG a strong

footprint in the Malmö, Sweden´s 3[rd] largest city" 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 135 facilities across Scandinavia with a

current lettable area of 185 800 square meters as of Q4 2022.