Lok’nStore tenders trio of landmark storage projects
Self-storage developer Lok’nStore is tendering three major building projects from its planned pipeline of a dozen new facilities after demand for space bounced back in May as the lockdown eased.
The firm is hunting for a builder for two new landmark stores in Warrington and Stevenage, each to provide 60,000 sq ft of storage space.
It is also progressing plans for a 50,000 sq ft Wolverhampton store, which received planning last December.
This morning the firm said no decisions on commencing building works on these stores will be made until the trajectory of the economy out of the pandemic has become clearer.
As planned, Lokn’Store will go on site with a new 53,000 sq ft freehold store in Salford, Manchester in September for opening in January 2021.
The firm’s total new store pipeline will be 12 sites which will take it to 48 stores when fully developed.
As the government has eased lockdown restrictions new enquiries have increased and in May were 3% ahead of the same month last year.
updated: 15/06/2020
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