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JSE REIT Stor-Age - South Africa’s largest self storage property fund - today posted excellent annual results ahead of pre-listing forecasts, marking its third reporting period since listing of consecutive growth.
JSE listed self storage REIT, Stor-Age, the only self storage property group listed on any emerging market exchange worldwide, today announced its intention to acquire the attractive Durban based StorTown portfolio of self storage assets from the DanCor Properties group.
JSE self storage REIT, Stor-Age, today announced that it had raised R400 million in a significantly oversubscribed book build to fund its milestone acquisition of Storage RSA (“RSA”), one of the country’s largest private self storage operators.
JSE newcomer Stor-Age Property REIT today announced strong interim results for the six months to September 2016, declaring a dividend of 43.04 cents, outperforming the Prospectus forecast by more than 6%.
Stor-Age Property Reit acquired a smaller competitor as it looks to increase its scale, having grown organically in the past.
JSE newcomer Stor-Age - South Africa’s largest self storage property fund - today posted maiden annual results outperforming its pre-listing forecasts and reflecting its recession-resilient business model and product.
JSE newcomer Stor-Age Property REIT has followed its November 2015 listing debut with strong growth momentum, despite the current turbulence in the local economy.
South Africa’s largest self storage property fund, Stor-Age Property REIT Limited (“Stor-Age”), successfully debuted on the JSE following a substantially oversubscribed pre-listing capital raise.
South Africa’s largest self-storage property fund, Stor-Age Property REIT, is set to list on the JSE in November as the first REIT of its kind on the exchange.
Stor-Age announced it has concluded the acquisition of eight of the nine trading self storage properties within the Public Storage portfolio in Pretoria.