Padlock Partners UK Fund IV

Padlock Partners UK Fund IV

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.

Newbury Property

 

  • The 1.6 acre Property is located in the growing market town of Newbury, 52 miles west of London.
  • This acquisition provides a rare opportunity to acquire a ready-made best in class facility at scale, in a developed area.
  • Newbury is a very tightly held town and freeholds rarely come to the market, especially in such a prominent location.
  • The store opened in March 2023 and is leasing up well ahead of schedule

Edmonton Property

 

  • 1 acre freehold site in North London inside the M25
  • There is direct route to the London city centre via the A10 and the area is well connected with underground and railway stations
  • The Property currently comprises an existing 2-storey office building, a warehouse for storage and a canopy shed for parking and distribution
  • The Fund is constructing a new building with two mezzanine floors over the ground floor and fit-out storage units to produce circa 42,000 net rentable square feet of self-storage space across the three floors
  • With our Enfield store located only 4.5 miles away there will be shared advertising, shared management costs and other operational efficiencies because of the proximity.

Haverhill Property

 

  • The property is located approximately 40 miles northeast of London, 15 miles southeast of Cambridge, and 12 miles south of our existing Newmarket location with access to the A11, that gives a direct route to the M11, giving connection.
  • The purchase and conversion present a unique prospect of being the only self-storage facility in Haverhill.
  • The Property has excellent visibility on the corner of major roads entering the Haverhill Industrial Estate and has an existing building of approximately 10,000 gross square feet.
  • The Fund is expanding the current warehouse, add two mezzanine floors, and fit-out storage units to produce circa 45,500 net rentable square feet of self-storage space.

Chippenham South Property

 

  • 0.92 acre former car dealership located in Chippenham, one of the fastest growing market towns in the west country situated 12 miles Northeast of Bath
  • Construction will be shortly underway to expand the existing structure and convert it into a Class A self-storage facility featuring c. 38,000 SF of rentable storage
  • The store will complement our existing Chippenham store which has consistent waiting lists and strong rental rates
  • Lack of direct competition within the market

Sidcup Property

 

  • The 1.14-acre property was converted into self-storage in 2019 and is one of the highest quality facilities in the area
  • The Fund is focusing on leasing up the property, raising rental rates, and implementing property management best practices
  • Ongoing works include the installation of new drive-up units, fitting out the store’s remaining bulk space, and creating office spaces available for lease
  • 40,000 net rentable square feet of self-storage across 3 floor is currently available
  • The property enjoys excellent drive-by visibility and street frontage in the north London Borough of Bexley, 12.5 miles from central London