STOCKPORT’S SAS DANIELS ADVISED BiG STORAGE ON £11million DEAL

BiG Storage, the North West leading self-storage operator, and AIB have executed an £11 million five year refinance deal.

Big Storage was advised on its restructure by Stockport’s SAS Daniels and Manchester law firm Kuits Solicitors advised AIB on the £11 million banking restructure of the North West industrial property portfolio.

A team led by George MacMillan, Liz Winter and Jan Winstanley from Kuits advised AIB on the portfolio of storage properties in Chester, Warrington, Wilmslow, Macclesfield and Lancaster held by the self-storage firm BiG Storage.

Jeremy Orrell, partner at SAS Daniels said:
“We were delighted to work with Big Storage on this strategic project which will enable them to achieve growth, maximise business efficiency and continue to provide their diverse client base with an excellent range of services.”

George MacMillan, head of banking and real estate finance at Kuits said: “It has been great to work once again with the AIB Team in Manchester.  Our respective Firms have held a strong relationship for many years and this mutual understanding of how we operate allowed us to successfully complete this deal.”

Andrew Donaldson of BiG Storage said “We are delighted to have secured a competitive refinance deal with our new bankers AIB who we look forward to working with over the years ahead.”