Strategic Storage Growth Trust II, Inc. Acquires Two Self Storage Facilities Near Tampa, Florida

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LADERA RANCH, Calif., Sept. 23, 2020 /PRNewswire via COMTEX/ —
LADERA RANCH, Calif., Sept. 23, 2020 /PRNewswire/ — Strategic Storage Growth Trust II, Inc. (“SSGT II”), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., announced today its acquisition of two recently constructed self storage facilities located in St. Petersburg and Lutz, Florida.

“These acquisitions represent Strategic Storage Growth Trust II’s continued expansion in the highly attractive Florida market. The Class A facilities are highly visible and located in growth paths adjacent to community retail centers and residential developments,” said Wayne Johnson, chief investment officer of SSGT II. “These properties are the type of high-quality self storage facilities that Strategic Storage Growth Trust II seeks to acquire on behalf of its investors and we anticipate significant revenue growth from the

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Inter Pipeline signs deal to sell majority of European storage business

CALGARY – A year after putting its European bulk liquid storage business on the block, Inter Pipeline Ltd. has signed a deal to sell most of it to the Madrid-based CLH Group for $715 million.

The sale includes all of the Calgary-based company’s bulk liquid storage and handling assets in the United Kingdom, Ireland, the Netherlands and Germany.

“Monetizing a significant portion of our European asset base enables us to focus resources on developing our higher growth Canadian businesses,” Inter CEO Christian Bayle said in a news release Tuesday.

“As such, proceeds from the sale will be used to reduce debt, strengthen our balance sheet and assist with financing our large capital expenditure program, including the Heartland Petrochemical Complex.”

CLH chairman Jose Luis Lopez de Silanes said the deal will make the company the industry leader in Europe with operations in eight countries.

“This agreement represents a unique opportunity to

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