Self Storage Group

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

(Oslo, October 4th 2021) Self Storage Group ASA (Self Storage Group, OSE:SSG)

has entered into an agreement to acquire a new-build property in Gardermovegen

in Nannestad, Norway. The transaction has a property value of NOK 11.5 million,

with an estimated lettable area of 1050 square meters. The facility is projected

to open during Q3 2022. The property in Gardermovegen will be operated under the

OK Minilager brand.

"The property is located in Øvre Romerike, a region north of Oslo with strong

growth. The location has easy access from main roads, close to Jessheim. 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 124 facilities across Scandinavia with a

current lettable area of 163 300 square meters as of Q2 2021.

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