BRIEF-Shurgard: Acquisition Of Pickens Self-Storage In Germany For EUR 120 Mln

-0.83%

-0.69%

-0.42%

Dow Jones Industrial Average

DJI

48014.06

-0.83%

S&P 500 index

SPX

6769.77

-0.69%

NASDAQ

IXIC

22959.68

-0.42%

Feb 6 (Reuters) - Shurgard Self Storage Ltd SHUR.BR:

SIGNIFICANTLY STRENGTHENS ITS GERMAN MARKET POSITION WITH SIX STORES ACQUIRED FROM PICKENS
SHURGAHIGH-QUALITY FREEHOLD PORTFOLIO OF THREE OPERATING PROPERTIES IN BERLIN AND THREE IN HAMBURG. SHURGARD IS NOW THE NUMBER 2 OPERATOR IN GERMANY
PURCHASE PRICE IS €120.0 MILLION, RESULTING IN A TOTAL COST OF ACQUISITION OF C. €131.8 MILLION
PORTFOLIO IS ACCRETIVE FROM ITS INTEGRATION WITH POSITIVE CASHFLOWS TO SHURGARD

Source text: http://tinyurl.com/262zj5fs

Further company coverage: SHUR.BR

(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.