Kangaroo leaps into Grimsby

The self-storage operator has acquired a former Wickes retail warehouse at M Park Alexandra, where it will operate 80,000 sq ft over three levels.

The large format building occupies a prime site on the 170,000 sq ft retail park, where its neighbours will include Matalan, Pets at Home and ScS.

B8 consent is already in place. When fully fitted, the Grimsby store will be one of the storage company’s largest locations as it looks to expand into the North.

The new storage facility will provide a wide range of storage unit sizes combined with services to support commercial customers, householders and students.

Gareth Dougherty, acquisitions manager at Kangaroo Self Storage said; “M Park Alexandra is the perfect location for trialing our new retail park presence. It’s a very visible and convenient site with easy access and ample parking.

“As the need for storage becomes more lifestyle-driven, a site like this supports our ambition to bring storage directly to our customer base. We are delighted that M Park Alexandra landlords have been flexible and forward thinking – considering the current and future uses of sites like this.”

The transaction was led by LCP, part of M Core, the owners of M Park Alexandra, traditionally known as Alexandra Rrtail Park.

Key advisors were Edgeley Simpson Howe and Osborne Clarke. On the buy side, MBM Commercial, Temple Bright and JLL worked for Kangaroo.

George Kearney, senior asset manager at LCP said; “We are thrilled to support Kangaroo Self Storage in developing their retail park presence at M Park Alexandra.

“With its prime location and excellent infrastructure, this site is perfectly positioned to serve the Grimsby community’s growing need for flexible and accessible storage solutions.”

Kangaroo Self Storage has ten operational facilities across the North West of England and Scotland. The self-storage company also acquired a site in Sunderland earlier this year, its first venture into the North East, which is currently under development.