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JSE REIT Stor-Age, the leading and only listed self storage property fund in South Africa, will shortly enter the UK self storage market with an estimated R1.3 billion acquisition of the region’s sixth largest self storage operator, Storage King.
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 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.