Q&A with Nick Grant, Director at Wigwam Storage Management
Q&A with Nick Grant, Director at Wigwam Storage Management
Name: Nick Grant
Role: Director at Wigwam Storage Management
Who are Wigwam Storage Management?
Wigwam Storage Management are owners and operators of centrally managed self-storage facilities across the UK
As well as acquiring and developing sites to convert into self-storage, we also offer a 3rd party management service to property owners and investors who wish to retain their assets.
Wigwam have formed a joint venture with Paloma Capital to acquire both existing facilities as well as sites for development. The JV have completed on 8 sites with an appetite for a further 6-8 sites during the next 12 months.
How many locations do Wigwam Storage Management currently have?
We will have 12 operating facilities by the end of this year
Target locations?
We are looking for the following opportunities:
- Prominent roadside locations.
- Mixed use schemes
- Former retail units or redundant office buildings
- Warehouses at the front of industrial estates or trade parks
How many new locations are you targeting?
We have cash funds available to acquire a further 6-8 sites in the next 12 mths
Size requirements?
Existing buildings with a footprint between 10,000 sqft and 30,000 sqft with a min eaves height of 5m
Land from 0.5 to 3 acres
Additional requirements?
Population size of at least 15,000 people within a 15min drive-time.
Planning consent?
B8 Planning or with potential for change of use
Freehold or Leasehold?
Freehold
Do you pay intro fees?
Yes, we pay intro fees!
Recent openings or new locations in the pipeline?
We have recently taken over an existing facility, opened anew 30,000 sqft facility in Hampshire and due to open another one in Lincoln by the end of this month.
Additional Questions:
What are the main challenges you face when acquiring new property?
Keeping all parties happy during the purchase process
What is your favourite building?
Westminster Abbey
Favourite retail or leisure destination?
Kings Head in Bledington.
Contact details?
Email – property@wigwamstorage.co.uk
Tel – 01608 656299
