Canadian self-storage operator Dymon Self Storage, which has seven facilities in Ottawa, Ontario, Canada, recently opened a new facility in Ottawa and will continue to expand its brand with further development. The company, which opened its first facility in 2006, will open seven facilities this spring and several more in the next few years, according to the source.
Dymon Self Storage is owned by entrepreneurs Glen Luckman and Brent Wilson, who also own two retirement homes in Ottawa. Their storage business holds nearly 70 percent of Ottawas self-storage market, according to the Ottawa Citizen.
Luckman and Wilson began their partnership in 1995 while retrofitting commercial properties. They opened their first self-storage facility on Coventry Road in Ottawa and now plan to build and operate about 10 million square feet of self-storage in the Greater Toronto area. Depending on the size of the facilities, the partners may develop 70 to 80 properties in the next eight years, Luckman told the source. When complete, the Dymon portfolio could be worth an estimated $2.5 billion to $3 billion, he said.
Wilson and Luckman attribute their success to their operating procedures and emphasis on safety. The hallways in Dymon buildings are well-lit, the companys 65 employees wear uniforms, and staff continually monitor every hallway, door and elevator via surveillance cameras in a command center. The climate-controlled facilities also offer meeting rooms, retail products, and and mailbox or deposit-box rentals.
Dymon Self Storage is also an eco-friendly business. Buildings are constructed to green standards, according to the source, and incorporate rooftop solar panels.
- Ottawa Citizen: Dymon and the Self-Storage Space Race