United Trust Bank (UTB) was approached to provide an £11.6m development finance facility to support the acquisition and construction of a 100,000 gross sqft purpose built self-storage facility. Once complete the project will have an estimated GDV of £18m which is likely to increase as units are let and income stabilises.
The Self Storage Association UK Annual Industry Report 2026 estimates there are now over 3,000 self-storage facilities across the UK, generating annual turnover of £1.3bn, illustrating the growing scale of this maturing alternative real estate sector.
The customer is an established self-storage developer and the project will be delivered under a JCT contract by an experienced main contractor who is also a former UTB customer, with experience across the full development lifecycle.
The 21-month term of the loan allows an 18-month construction period and additional 3 months to enable the customer to refinance to a longer-term investment facility upon practical completion.
| Borrower | International Self-Storage Developer-Operator |
| Amount | £11.6m |
| Loan Type | Development Finance Loan |
| Loan Purpose | Construction of new self-storage facility |
| Special Feature | New to Bank customer, advised by Angus Holburn of Rhodius Partners |
