Martin’s Properties has acquired Nicholson House in Bristol, as the family-owned business is creating a new self storage business.
Located on a one-acre site in north Bristol, the site currently houses a vacant 15,444 sq ft office building.
Martin’s Properties plans to redevelop the site to provide a self-storage facility.
The site was acquired for an undisclosed sum from a UK fund.
Graham Gunn, head of operations for self storage at Martin’s Properties, said: “This is an exciting new acquisition of a prominent site in a mature and expanding location with excellent transport links and passing traffic, making it a highly strategic site to provide for self-storage demand. […]”
Richard Bourne, CEO at Martin’s Properties, added: “This latest acquisition adds to our pipeline for the self-storage platform.
“We believe that we are creating an original and innovative portfolio of purpose-built, tech-driven, secure, easy-to-access, sustainable units which will offer the market something different in this fast growing sector. We look forward to sharing more on this in due course. […]”
Hartnell Taylor Cook acted for Martin’s Properties and Sayner Real Estate acted for the vendor.
Image: Martin’s Properties
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