Q&A with Nick Grant, Director at Wigwam Storage Management
Q&A with Nick Grant, Director at Wigwam Storage Management
Role: Director at Wigwam Storage Management
Who are Wigwam Storage Management?
Wigwam Storage Management are owners and operators of remotely 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 who wish to retain their assets.
Wigwam have recently formed a joint venture with Paloma Capital to acquire 12-15 sites over the next 18-24 months.
How many locations do Wigwam Storage Management currently have?
We currently operate from 3 locations and with Paloma we now have another 4 secured under contract.
Targetl ocations?
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 12-15
Size requirements?
ExistingBuildings with a footprint between 10,000 sqft and 30,000 sqft with a min eaves height of 5m
Land from 0.5 to3 acres
Additional requirements?
Population sizeof 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 bought a 40,000 sqft business park with Paloma which also comprises 20,000 sqft of self-storage and 100 shipping containers.
AdditionalQuestions:
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.
Contactdetails?
Email – nick@wigwamstorage.co.uk
Tel – 01608 656299
