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Tuesday, 21 February 2017 12:11

Stor-Age close R500 million acquisition

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. 

Sirius Real Estate’s self-storage business performs strongly this year‚ supported by demand for space from consumers.

Stor-Age offers a compelling investment case for income chasers looking for an alternative to office, retail or industrial focused real estate offerings.

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.

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