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Lok'nStore Group adding 2 more stores to development pipeline


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Lok'nStore Group adding 2 more stores to development pipeline

Lok'nStore Group Plc added two new stores to its development pipeline in the U.K. with deals in Bedford, Bedfordshire and Dover, Kent.

The company will own the Bedford store, while the Dover store will be developed and operated through a management contract.

The two sites will be developed as purpose-built landmark stores, with openings slated for 2018. The projects will add roughly 84,800 square feet of trading space to the company's portfolio, which is now expected to expand by 26.1%. Lok'nStore's pipeline now stands at seven stores.

The deals follow the company's recent management deals to develop and operate two stores in Exeter, Devon, and Ipswich, Suffolk, also scheduled to open in 2018.