Padlock Partners UK Fund III

Padlock Partners UK Fund III

Padlock Is Comprised Of Industry Leaders With A Track Record Of Creating Long-Term Investor Value. Our Strong Executive Team Has Over 100 Years Of Experience, Each Bringing A Unique Perspective In The Asset Management, Acquisition, Disposition, Financing And Operation Of Commercial Real Estate. It Enables Us To Consistently Deliver Superior Results And Support Our Investors Achieve Their Goals.

 

The Fund continues to source and acquire both existing and development self-storage and mixed-use properties in the UK. Padlock intends to generate positive risk-adjusted returns across all market environments.

Watford Property

 

  • Existing warehouse in London MSA converted to self-storage in 2023
  • Dynamic location in an underserved market
  • Approximately 55,000 net rentable square feet of storage is currently available, with an additional 20,000 available for fit-out upon the store’s stabilization
  • Market has exhibited strong demand, granting the store an exceptionally fast lease-up pace

Woking Property

 

  • Existing warehouse in London MSA converted to self-storage in 2023
  • Expansion also added to existing building
  • Highly prominent location in dense catchment area just outside the M25
  • Practical completion of construction has occurred, with c. 51,000 SF available for lease out of a planned 63,000 and fit-out of the remaining space currently ongoing

Brighton Property

 

  • Trading self-storage property in a dynamic market with high barriers to entry
  • Freehold expansion currently underway is set to bring the store to 23,800 net rentable square feet by the end of 2024
  • Existing storage building exhibiting strong rental rates and stabilized occupancy
  • Brighton is an affluent commuter town with high national rankings in education, quality of life, and income

Seaford Property

 

  • Long leasehold property in very underserved market with extremely high barriers to entry
  • Site has been expanded and fit-out for self-storage, opening for business in late 2023
  • Highly prominent location and the only Class A self-storage facility in the area
  • 24,600 SF of rentable self-storage across two floors

Southend-on-Sea Property

 

  • Freehold four-storey building in busy Southend coastal market
  • Dynamic roadside and prominent neighborhood location
  • Internal conversion to Class-A self-storage facility occurred in late 2023 with more storage continually becoming available
  • 32,500 SF of rentable storage
  • Ground floor occupied by a grocery store, which drives foot traffic and interest