Joint venture successfully sells three self storage assets to newly launched investment platform
Flexiss Group and Seneca Partners, through their joint venture, have successfully completed the sale of three assets to Schroders Capital as part of its newly launched self storage investment platform, “The Self Storage Partnership”.
Transaction Overview
The transaction underscores the joint venture’s strategy of developing and managing high-quality, income-generating real estate while creating value for investors through timely disposals. The self storage assets, located in Gloucester, Southport, and a future site in Leeds, were identified as well-suited to Schroders Capital’s long-term growth and income objectives.
Leadership Commentary
Mike Wilson and Andy Wood, Co-Founders of Flexiss Group, commented:
“This sale demonstrates the strength of our partnership with Seneca and our ability to deliver high-quality assets that meet institutional demand. Schroders Capital’s acquisition reinforces the appeal of these properties and the resilience of the underlying occupier base.”
Tim Murphy, Director at Seneca Partners, added:
“We are proud of the results achieved through this joint venture and believe the transaction highlights the value of our investment approach. We look forward to continuing to identify and realise similar opportunities in the market.”
Professional Advisory Team
The vendors were advised by:
- CBRE – Selling agents
- Patrick Morris at Fairhurst – Tax advisor
- Napthens – Legal counsel
Future Operations
Since inception, Flexiss Group has grown to become one of the UK’s specialist self storage operators and will continue to provide the self storage platform with dedicated management expertise needed to maximise operational performance and long-term enterprise value. This includes:
- Creating specialist operating teams to run the facilities
- Driving revenue growth
- Embedding sustainability across the portfolio
