The Titan Storage (Sidcup) EIS is purchasing and developing a freehold site in Sidcup to provide local businesses and residential clients with a convenient storage solution.
Freehold Asset Backed: The Titan Storage (Sidcup) EIS Company (the ‘Company’) was seeking up to £5 million to purchase and develop a 45,000 sq.ft. freehold site in Sidcup, in a busy retail and office park adjacent to a Tesco superstore. Sidcup is an affluent and densely populated suburb of London.
Ducalian, on behalf of the EIS company, have already exchanged and secured the Sidcup site, and, subject to successful planning, will complete on the site in early 2017.
Established Brand: Titan Storage is an established and experienced team with 6 sites already trading under the Titan Storage brand in the UK. The team is now poised to build on their existing expertise to expand the business with the Sidcup acquisition. Working closely with the asset manager Ducalian Capital, a private equity firm specialising in real estate, the funds raised will be used purchase the Sidcup freehold site, fit out the property and provide working capital.
Strategic Partnerships: Ducalian has partnered with major UK property developers on bids for a number of attractive industrial sites with Ducalian and Titan Storage providing the storage piece. Ducalian believe that being part of a larger development will help increase visibility and value for shareholders.
