Self Storage Group

Regulatory Filings • Nov 17, 2021

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

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

(Oslo, november 17th 2021) Self Storage Group ASA (Self Storage Group, OSE:SSG)

has entered into an agreement to acquire a land property in Kampenesmosen in

Sarpsborg, Norway. The transaction has a value of NOK 4.6 million. Self Storage

Group will develop the plot into a purpose-built self-storage facility with a

potential lettable area of 2000 square meters. The facility is projected to open

in 2023, and will be operated under the City Self Storage brand.

"The property is located in Sarpsborg in Viken county. The Sarpsborg/Fredrikstad

region is the 5[th] largest metropolitan area in Norway. 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.