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European Self-Storage Operator Shurgard Hits 250-Store Milestone
Shurgard Self Storage is the European affiliate of U.S.-based real estate investment trust Public Storage Inc

October 7, 2021: Shurgard Self Storage Europe SARL, has reached its 250th location with the opening a facility in Argenteuil, a commune in the northwest suburbs of Paris. The eight-story building comprises 75,347 square feet in more than 1,100 units.

The company has been expanding its European portfolio through acquisitions and development since opening its 200th store in 2015. Shurgard confirmed its ambition to accelerate expansion at its virtual Investor Day last month. Its plan has three prongs: expansion of existing sites, new development, and acquisitions of operating properties.

We are thrilled to have opened our 250th property in Europe, especially in the Paris region, which is key to our expansion plan. It is definitely an important milestone for the company, and I want to thank again the teams that have worked on the construction and opening of this brand-new property. It fits well in our portfolio of stores we already have in the region.” Said by Marc Oursin, CEO of Shurgard Self Storage.

Shurgard operates 42 facilities in Paris and its suburbs. The company’s total portfolio comprises more than 1.2 million net rentable square meters in Belgium, Denmark, France, Germany, The Netherlands, Sweden and the United Kingdom.


Source: https://www.insideselfstorage.com/reits/european-self-storage-operator-shurgard-hits-250-store-milestone