OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £30.2m loan to STOREX Self Storage.
The £30.2m loan from OakNorth will be used to develop and operate two new purpose-built self-storage sites in Sunbury, Surrey and Cricklewood, London Borough of Brent. Both sites will offer an app-based entry system, and a combined total of 2,421 units of varying sizes, ranging from 16 sq. ft. for minimal storage needs, to large units totalling 300 sq. ft. in size.
About STOREX: Established by global investment manager, EQT Exeter, STOREX Self Storage is developing and operating fully digitized, premium and competitively priced storage facilities throughout Greater London, including Brentford, Watford, and Loughton. Environmental sustainability is a key focus, with all locations aiming for BREEAM Excellent certification, operational zero carbon readiness, and significant net biodiversity gains.