Expansion Of Two Existing Self Storage Properties

As a result of sustained high levels of occupancy and strong customer demand at Stor-Age Gardens and Stor-Age Durbanville, both properties will undergo further development with the addition of 5 500 m²and 2 500 m² of gross building area at each property respectively. As part of the redevelopment, the facades to all levels at Stor-Age Gardens are being redesigned, given the prominence of this property’s location at one of the key entry points into the Cape Town CBD.


Stor-Age CEO Gavin Lucas commented: “Despite the tough economic environment within which South Africa currently finds itself, it is pleasing to note that we have experienced a strong trading performance across our portfolio nationally and in particular from these two properties.Both of these properties are situated in prime locations and were originally planned with the intention of building them out further in later  years.  This  provides  support  to  our  strategy  of  only  developing  new  self  storage  properties  in outstanding locations.”

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