Ducalian have completed the fundraising for their second storage business, located in Bracknell, Berkshire. Having acquired planning for 40,000 square feet of storage space the facility is due to open for trading in the early part of 2013.
The business, structured as an Enterprise Investment Scheme, aims to provide investors with numerous tax reliefs and downside protection whilst offering an enhanced level of service to the retail storage customer.
The site benefits from a large and relatively affluent catchment area with a total population of 165,595 within a 5 mile radius and a lack of immediate local competition in Bracknell at present.
Robert Cherry Director of Ducalian said: "Adding the Bracknell store to our portfolio of businesses is proving that we are able to create attractive projects in a difficult economic environment, continuing our strategy of developing direct investment opportunities for our fundraising partners and clients."