Stor-Age Develops New Self-Storage Facility in Centurion, South Africa
Stor-Age, the largest operator of self-storage facilities in South Africa, has commenced development of a new self-storage facility in Centurion, South Africa, the fourth city in which the company is establishing its brand.
November 14, 2011
Stor-Age, the largest operator of self-storage facilities in South Africa, has commenced development of a new self-storage facility in Centurion, South Africa, the fourth city in which the company is establishing its brand. The property has a corner location on Samrand Avenue and Rietspruit Road, with excellent visibility to commuters accessing the N1 highway. On completion, the two-story facility will have 8,500 square meters of storage space in more than 700 units.
Centurion is in the Gauteng Province of South Africa, between Pretoria and Midrand (Johannesburg). Formerly an independent municipality with its own town council, it is now part of the City of Tshwane Metropolitan Municipality.
"We've been planning our entrance into the Pretoria market since 2009. The development in Centurion sits firmly within our pre-defined strategy," said Gavin Lucas, CEO. "We looked extensively at acquisition opportunities, however, the reality is that there are no existing self-storage facilities in Pretoria that meet our quality and location standards. Pretoria is yet to see a great-quality self-storage product, delivered to the market in an outstanding location."
Stor-Age operates almost 20 self-storage facilities throughout South Africa, with a corporate office in Cape Town.
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