Stor-Age has space, and scope, for even more growth
'Stor-Age is an interesting investment option with limited competition. It would perform well in economic downturns and upturns'
Stor-Age is the only specialised owner of self-storage assets listed in SA. It was formed by the Lucas family about a decade ago. The company listed its R1.3bn portfolio in November 2015.
Its listed portfolio has grown to about R2.1bn, including 31 properties. It is focused on Johannesburg, Cape Town, Pretoria, Durban, Port Elizabeth and Bloemfontein.
“Since listing, Stor-Age has outperformed the Reit sector by some 30%, conforming with the outperformance that self-storage plays have demonstrated globally,” says Chris Logan of Opportune Investments.