Self Storage Group

M&A Activity • Dec 3, 2021

Self Storage Group ASA - Acquisition of new property in Kristiansand, Norway

Self Storage Group ASA - Acquisition of new property in Kristiansand, Norway

(Oslo, 3 December 2021) Self Storage Group ASA (Self Storage Group, OSE:SSG) has

entered into an agreement to acquire a property in Kartheia 5 in Kristiansand,

Norway. The transaction has a value of NOK 4.3 million. The property has a

potential lettable area of 550 square meters. The facility is projected to open

in Q2 2022 and will be operated under the OK Minilager brand.

"The property is located in Kartheia, close to the city center of Kristiansand.

With this investment we will strengthen our number one position in Kristiansand,

Norway´s 5[th] largest city. The location is a great addition to our existing

portfolio in the region. 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.