The team are pleased to have advised Paloma Capital on the acquisition of Pink Hippo Self Storage with the purchasers planning to integrate the business with its existing platform Wigwam Storage Management.

Acquired on behalf of Paloma’s third value-add fund, the business has been sold by its two shareholders who founded the company in 2015.

Pink Hippo currently owns and operates three self-storage facilities in Reading, Leatherhead and Dorking. The assets offer up potential for expansion with planning consent already in place for further phases of the Dorking and Leatherhead facilities.

The end value of the sites, once these extensions have been built out, is about £40m.

See more information via the React News link below:

https://grenstreetnews.com/article/paloma-hungry-for-self-storage-as-pink-hippo-merges-with-wigwam/

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