Ducalian launches self-storage venture with Littlehampton purchase

Private equity firm Ducalian has launched a new self-storage venture with the acquisition of a warehouse in Littlehampton, West Sussex for £1.2 million. The building, purchased from Falcon Property Trust, will be redeveloped by Ducalian’s in-house development team to provide 30,000 sq ft (2,787 sq m) of net lettable self-storage space. A management contract has been signed with Engage Management Services to operate the building as a self-storage facility under the ‘Titan’ brand.

James McCulloch, investment director of Ducalian, comments: “The demand for self-storage space, especially in the under-served south coast market, remains considerable and we are anticipating a strong and growing revenue stream from this asset.