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Bryan W. Jardine, Wolf Theiss Romania
We are seeing a lot of interest from some large US investors who, previously, were not c»
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  Exclusive    Danu Temelie, Euro Mini Storage: We are constantly analyzing new locations that could potentially be added to our network

2012-04-04 14:40:55

This year, Euro Mini Storage bids on expansion. After an investment of EUR 150.000 in the expansion of their actual location, Danu Temelie, managing partner at Euro Mini Storage said that they are analyzing new locations that could potentially be added to the network. “We will continue focusing on looking for suitable locations in the Bucharest area”, said Temelie. The Euro Mini Storage was rented over 90 percent until the expansion and now, with the next units added, is about 60 percent rented. The minimum rental period is 30 days and the average stay is about 9 months. The tenants are a mix of private individuals and small companies. “As it happened in every business and every area, 2011 was a challenging year. While being in full recession, we had to become more creative, to find revenue and work aggressively at cutting unnecessary expenses,” Danu Temelie told The Diplomat-Bucharest about the last year challenges. According to him, the general recession forced people and businesses to rethink how they spent/invested money. “Considering that, a new service such as self-storage was at the bottom of their list, therefore we had to fight hard even to become noticed – we developed special offers, special prices,” added.



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