News Search

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. 

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.

Most Popular

Malcolm Horne has been appointed President of the South African Council of Shopping Centres

Jun 21, 2017
2017 SACSC President Malcom Horne
Group CEO of Broll Property Group, Malcolm Horne has been appointment President of the…

From building houses to building futures: It’s time to take affordable housing in SA to the next level

Jun 22, 2017
Leanne Govender
There can be no arguing against the fact that the provision of affordable housing is a…

Rebosis Property Fund CEO steps down and takes up Deputy Chairperson position

Jun 21, 2017
Sisa Ngebulana Rebosis
Rebosis herewith announces some key leadership changes to the CEO and Board that will…

Redefine Properties sells Delta stake to women-led BEE consortium

Jul 04, 2017
Phumzile Langeni
JSE-listed diversified real estate investment trust Redefine Properties has sold its…

Substantial development for Salt River's Brickfield Road

Jun 27, 2017
13 Brickfield
Pockets of Salt River, once a booming part of Cape Town due to its proximity to the CBD,…