Self Storage Group

M&A Activity • Nov 4, 2019

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

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

(Oslo, 4 November 2019) Self Storage Group ASA (Self Storage Group, OSE:SSG) has

entered into an agreement to acquire Haakon Magnussons gate 1A AS. Haakon

Magnussons gate 1A AS is the owner of the property Haakon Magnussons gate 1A in

Trondheim, Norway. The transaction has a property value of NOK 40.25 million,

with a gross area of 3 400 square meters and an estimated lettable area of 2 100

square meters. The facility is projected to open during Q2 2020. Haakon

Magnussons gate 1A will be operated under the City Self-Storage brand.

"The property is centrally located at Lade in Trondheim, with easy access and

great visibility. The location is highly compatible with our development project

at Tiller, giving SSG a strong position in Trondheim in 2020. This acquisition

is in line with our strategy to grow our freehold portfolio in selected markets.

There is a growing demand for self-storage in Norway, as urbanization and

smaller living spaces cause an increasing need for external storage solutions,

says Martin Nes, Chairman of Self Storage Group.

For additional information, please contact:

Cecilie Brænd Hekneby, CFO, +47 99 29 38 26

About Self Storage Group|www.selfstoragegroup.no

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 110 sites across Scandinavia with a current

lettable area of 134 900 m2.