The portfolio of six self-storage facilities includes a mixture of freehold and leasehold assets and provides a maximum lettable area of 240,000 sq ft. The properties are located in Warrington, Widnes, Liverpool, Preston, Bromborough and Altrincham.

Mike Wilson, chief executive of Smart Storage, said: “We are delighted to have completed this deal with Kangaroo Self Storage and wish them well in continuing to develop their platform. The sale allows us to concentrate on our new venture, SureStore, which has just opened its latest store in Bolton.”