24Storage is a self storage company that offers customers convenient and accessible storage space outside the home or work place. The company was founded in 2015 with the vision of digitalising the self storage industry, and has successfully established itself as the second largest operator in Sweden.
Develops, owns and operates its own self storage facilities focusing on the metropolitan regions of Stockholm, Gothenburg and Malmö.
The second largest operator on the growing self storage market in Sweden.
The goal is to open three to five new stores per year, which will add around 10,000 square metres of lettable floor space annually.
24Storage is now indirectly owned by American TIAA (Teachers Insurance and Annuity Association of America). In the autumn of 2021, two takeover bids were submitted to the shareholders in 24Storage from Shurgard and from TIAA via T-C Storage BidCo. As a result of the takeover, 24Storage's shares were delisted from Nasdaq First North Growth Market on January 7, 2022.
Right from the start in 2015 our vision has been to digitalise the self storage industry and be at the forefront of the development. In four years we have become one of Sweden’s leading self storage players. Our success is the result of a clear growth strategy. We have now implemented digitalisation and automation throughout our operations, which gives us greater scalability and a stable platform from which we can continue to grow.
24Storage is a challenger on the self storage market thanks to digitalisation and smart stores in the right locations. We are currently in a build-up phase and still have a large number of newly opened stores. The cash flow from letting activities is increasing as the stores achieve a higher degree of maturity. The scalability in our business model also means that profitability will rise in the longer term when we grow.
We offer customers convenient, accessible storage space outside the home or office. Digitalising and automating manual processes means operations and staffing can be centralised, which gives advantages of scale that increase as we grow.
Our work with sustainability starts in our operations and the place where we are active. As we are a property company that has construction activities and at the same time a storage company that targets the local community’s citizens, both private customers and companies, we have a constant responsibility for where, how and for what purpose we build.