Self Storage Group

M&A Activity • Jan 31, 2022

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

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

(Oslo, January 31st 2022) Self Storage Group ASA (Self Storage Group, OSE:SSG)

has entered into an agreement to acquire a property in Nesseveien 2B in Harstad,

Norway. The transaction has a value of NOK 8.4 million and the property has a

potential lettable area of 680 square meters. The facility is projected to open

in Q3 2022, and will be operated under the OK Minilager brand.

"The property is located in Harstad, the 2[nd] largest city in Troms & Finmark.

This will be SSG´s first facility in Harstad.  This acquisition is in line with

our strategy to grow our freehold portfolio in selected markets. There is a

growing demand for our services, as urbanization and smaller living spaces cause

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 126 facilities across Scandinavia with a

current lettable area of 165 300 square meters as of Q3 2021.