Stor-Age, the largest operator of self-storage facilities in South Africa, has begun development on a self-storage facility in Constantia Kloof, a suburb of Johannesburg. Expected to open in December, the two-story facility will feature 5,500 square meters of self-storage space and offer more than 500 units ranging in size from 3 to 30 square meters.
The property is near a retail mall and a business park. Its great to be able to position our high-quality brand of self-storage within a prime retail node, said Gavin Lucas, Stor-Age CEO. The location alone will contribute significantly to the value of our portfolio. The development of premium grade self-storage assets within mixed-use business zones continues to gather momentum in the local property market.
Stor-Age operates almost 20 self-storage facilities throughout South Africa, with a corporate office in Cape Town.