Lok’nStore has deployed the first chunk of last month’s £19.8m share placing to buy a freehold site in Eastbourne.
The self-storage firm will submit plans for a 60,000 sq ft facility shortly.
The initial land cost is £5.53m and total net project costs are expected to be around £12m.
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Including:
Katy Davis named as an equity partner at Cater Jonas
The site will be turned into 261 short stay serviced bedrooms
Rising remote and video appeals offer an opportunity to reduce space
JV plans for 166,500 sq ft of Grade A urban logistics development granted
