Bee Safe Racing Runs Le Mans What’s The Buzz? In
June, the No. 74 Bee Safe Racing/ Riley Motorsports No. 74 Ferrari
488 GTE Pro Evo team participated in the 90th running of the 24 Hours of Le Mans in France. The Le Mans campaign was fielded by American entrepreneur and Ferrari Challenge competitor Roy Car- roll and his wife Vanessa and entered by championship winning sports car rac- ing team Riley Motorsports and team owner Bill Riley. Carroll competes with Riley Motorsports in the U.S.-based IMSA Fer- rari Challenge series but handed the driving duties of the No. 74 Bee Safe Racing/Riley Motorsports Ferrari at Le Mans over to a trio of professional and experienced sports car endurance racing drivers. “Our team is certainly not under any misconception that this
it is going to be easy for us to be competitive against three factory teams,” Carroll said before the race. “This is definitely a ‘David vs. Goliath’ situation. However, with Riley’s experience at Le Mans and the driver lineup we have I truly believe we are capable of being competitive.”
The driving trio for the No. 74 Bee
Safe Racing/Riley included veteran Le Mans competitor Sam Bird (Great Brit- ain), Rolex 24 at Daytona winner Felipe Fraga (Brazil), and V8 Supercar cham- pion and sports car endurance race winner Shane van Gisbergen (New Zealand). Carroll, who, along with his family, unveiled the Ferrari on May 27,
also competes with Bee Safe backing in his Riley-run IMSA Fer- rari Challenge program, a series in which he has competed for four years. Carroll is the owner of Bee Safe Storage and Wine Cellar, a
subsidiary of The Carroll Companies. There are more than 40 Bee Safe Storage locations across North Carolina, South Caro- lina, Tennessee, Texas, Florida, and Montana. “It has been a dream to have the first car to enter the historic
Le Mans race from a Greensboro owner embraced by the com- munity,” Carroll says. “I have met a lot of people from Greens- boro that are very excited about our entry and hopefully gain- ing more exposure for our community.”
www.ministoragemessenger.com •
msmnews@minico.com Industry Report
StoreInvest Secures Swiss Investor Partners Group, a Swiss investor, has invested $100 million equity into self-storage owner and investor, StoreInvest, part of the StoreLocal Group, which aims to double the number of facilities it operates over the next three years. Partners Group has invested $100 million equity into StoreLocal to accelerate expansion. StoreLocal, the operational arm of the business, already has 30 sites in Queensland, NSW, Victoria, and Western Australia, making it the fourth-largest self-storage operator in Australia. StoreInvest has created a special fund for the Partners Group investment, topped up with a further $10 million from private investors, which will initially be seeded with three proj- ects in Melbourne, Brisbane, and Perth. These developments will have an estimated end value of more than $120 million, with the longer-term goal for the fund to build and own assets worth about $300 million.
Global
Big Yellow Acquires Site Big Yellow has acquired a 53,000-square-foot
facility
in Aberdeen for £10 million (approximately $12.08 million USD). The site, which will be
rebranded as Big Yellow, was previously owned and operated by Kevin Shand and Simply Self Storage. It is Big Yellow’s third site in Scotland.
KSS To Develop Facility In 2020, Kennards Self Storage (KSS) acquired the Adelaide Mail
Centre
Post. The company has part- nered with GURNER to create
a landmark luxury residential and commercial precinct at this gateway location. The entire 17,000-square-meter property will be developed in two parts; KSS will convert the 6,000-meter parcel occupied by a former mail sorting center into a 1,500-unit self-storage facility with wine and gun storage.
StorageVault Acquires Six Facilities StorageVault Canada recently stated that its previously announced acquisition of six stores has been completed. The total purchase price is $167.5 million. Five of the acquisitions are arm length and one is the acquisition of a related party (Access Self Storage Inc.). With these acquisitions, Storage Vault completed $213.6 million in acquisitions this year and owns more than 11 million square feet of rentable storage space. The remaining one transaction, announced on May 12, 2022, is expected to be completed in the third quarter of 2022.
Hurstwood To Open New Site Hurstwood Holdings, the Manchester, U.K.-based property invest- ment and development company, has launched a self-storage arm, Hurstwood Self Storage, which aims to open its first facility in Wigan town center before the end of the year. Situated in a former night club, the new venture will provide flexible storage solutions in a 17,750-square-foot, state-of-the-art storage facility.
MiniStorageMessenger.com • September 2022 27
from Australia
MESSENGER NEWS
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