Stor-Age has expanded their portfolio by having now concluded the acquisition of StorTown, KwaZulu-Natal’s largest self storage facility, from the DanCor Properties Group.

JSE REIT Stor-Age, the leading and only listed self storage property fund in South Africa, has closed its accelerated bookbuild to fund the acquisition of the sixth largest self storage brand in the United Kingdom, Storage King.

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.