Property group launches self-storage arm with plans to expand country-wide
Hurstwood Holdings, the Manchester based property investment and development company, has launched a self-storage arm.
Hurstwood Self Storage aims to open its first premises in Wigan town centre before the end of the year. Situated in a former night club, there are also plans to create residential apartments on the upper floors.
Led by Hurstwood’s in house team of property experts and self-storage management, the new venture will provide flexible storage solutions in strategic locations both in city and town centre locations and on the outskirts to accommodate a growing demand from both private residents and local entrepreneurs.
Stephen Ashworth, chairman and CEO of Hurstwood Holdings, said: “The first Hurstwood Self Storage, situated on Standishgate in Wigan, will see our team – led by project director, Sam Ashworth and Phil Brassell – repurpose a former night club to provide a 17,750 sq ft state-of-the-art storage facility.
“The self-storage sector is one that continues to benefit from strong growth with demand consistently far outstripping supply and by entering this area of the market, we will add a new layer of value to our already extensive real estate portfolio.”
Having secured planning permission, Hurstwood is also in negotiations to convert the upper floors of the building, known as Bryan House, in to 45 one-bed apartments.
Hurstwood plans to roll-out its self-storage concept nationwide with further sites already identified in Lancaster, North Shields and Dumfries.
Hurstwood Holdings is a commercial and residential property group with more than £250m of properties on 135 site nationwide, housing more than 1,000 occupier clients.