Australia self-storage operator KeepSafe Storage Centres intends to develop a new facility in Welshpool, Australia. The property will comprise 650 storage units and 4,000 square meters of vehicle storage. Parent company KBH Group of Cos. has committed $10 million toward the cost of land and construction, according to the source. The project is expected to be complete this year.
“An integral part of KBH’s strategy in the development of these facilities has been to focus on customer needs firstly, and then applying this knowledge to the detail in the planning and final build, which in turn delivers a self-storage experience that exceeds expectations at all levels,” Shaun Bain, managing director of KBH, told the source.
The asset will be the company’s third self-storage property in Western Australia. KeepSafe currently has locations in Balcotta and O’Connor.
KBH Group is a private-equity and venture-capital firm. In addition to KeepSafe, it has interests in Coastal Storage Units, a self-storage facility in Perth, Australia, and Pier 21 Marina, a private marina of boat slips in Perth.