TPG and Pinewood proprietor Aermont eye self-storage group Entry


A pack of bidders are circling Entry Self Storage, a privately held community of web sites which has been put up on the market for greater than £1bn.

Sky Information understands that the personal fairness companies TPG and Aermont, the latter of which owns a controlling stake in Pinewood Studios, and Belgian-listed self-storage group Shurgard are among the many events which submitted non-binding affords for Entry earlier this week.

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Sources stated that QuadReal Property Group, a Canadian-based property investor, may also be among the many bidders.

Blackstone, the world’s most prolific investor of personal fairness capital into actual property belongings, has determined to not bid after analyzing the chance, in keeping with one insider.

It comes at a time of frenetic company exercise within the self-storage sector, with a string of offers having been introduced within the final 12 months.

London-listed Lok ‘n’ Retailer was purchased by Shurgard final spring in a deal price near £380m.

The 2 greatest gamers within the UK market are Safestore and Massive Yellow.

A deal is predicted to be struck within the coming months.

Not one of the events contacted by Sky Information would touch upon Friday.

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