Lok’nStore reports record full-year earnings – MarketWatch

The U.K. based self storage company currently operating 24 self-storage centers and two serviced document stores in Southern England, made a pretax profit of 2.65 million pounds ($4.10 million) for the year ended July 31, compared with GPB367,000 for the same period last year on revenue of GBP15.42 million and GBP13.91 million respectively. Read more…

LoknStore Sells Facility in Swindon

U.K. self-storage company Lok’nStore Group PLC has sold its facility in Swindon, England, to an unidentified investment fund for £3.5 million. The operator will continue to manage the asset as a branded Lok’nStore location on behalf of the investor, according to a press release. It intends to use proceeds from the sale to fund development…