Stor-Age, the largest operator of self-storage facilities in South Africa, has begun development on a new self-storage facility in Pinehurst, a residential township in Cape Towns northern suburbs. Expected to open next year, the two-story facility will feature 8,600 square meters of self-storage space and offer more than 700 units ranging in size from 3 to 30 square meters.
The property is 3 kilometers from a regional retail center and is adjacent to a new private school. The site reportedly has excellent visibility to commuters accessing the N1 highway.
Weve worked closely with [Pinehurst developer] Garden Cities for the last 12 months in order to bring this property to the market. Its an exceptional location which demonstrates strong property fundamentals, said Gavin Lucas, Stor-Age CEO. The development of a high-quality self-storage offering within a mixed-use node of a greater residential township development is still a new concept within the South African context. The development will add significant value to the Pinehurst suburb and its residents.
Stor-Age operates almost 20 self-storage facilities throughout South Africa, with a corporate office in Cape Town.