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Press Releases

Oversubscribed Stor-Age bookbuild raises R585 million

13.03.2019

SA Property Review

Stor-Age concludes the acquisition of The Storage Pod in the UK

13.03.2019

Stor-Age concludes the acquisition of The Storage Pod in the UK

Stor-Age continues off-shore expansion with R224 million UK acquisition

05.03.2019

Stor-Age continues off-shore expansion with R224 million UK acquisition

Stor-Age Outperforms Sector To Post Continued Growth

20.11.2018

20.11.2018 - Stor-Age outperforms sector to post continued growth

Oversubscribed Stor-Age Bookbuild Raises R400 Million

27.09.2018

27.09.2018 - Oversubscribed Stor-Age Bookbuild Raises R400 Million

Stor-Age Continues To Outperform Economy And Sector

12.06.2018

12.06.2018 - Stor-Age Continues To Outperform Economy And Sector

Stor-Age Announces Acquisition Of All-Store

06.03.2018

Stor-Age Announces Acquisition Of All-Store

Stor-Age Acquires New Craighall Property In R95-Million Transaction

07.12.2017

Stor-Age Acquires New Craighall Property In R95-Million Transaction

Stor-Age Outperforms Sector To Post Continued Growth

21.11.2017

Stor-Age Outperforms Sector To Post Continued Growth

Oversubscribed Stor-Age Bookbuild Funds R1.3 Billion UK Acquisition

24.10.2017

Oversubscribed Stor-Age Bookbuild Funds R1.3 Billion UK Acquisition

Stor-Age Enters UK Market With R1.3 Billion Rand Acquisition

05.09.2017

Stor-Age Enters UK Market With R1.3 Billion Rand Acquisition

Stor-Age Maintains Growth Trajectory and Grows Dividend

13.06.2017

13.06.2017 - Stor-Age Maintains Growth Trajectory and Grows Dividend

Stor-Age Announces Acquisition of StorTown

08.06.2017

Stor-Age Announces Acquisition of StorTown

Stor-Age Closes R500 Million Acquisition

20.02.2017

Stor-Age Closes R500 Million Acquisition

Stor-Age continues to outperform

22.11.2016

Stor-Age continues to outperform

Stor-Age outperforms on maiden results

14.06.2016

STOR-AGE OUTPERFORMS ON MAIDEN RESULTS Highlights - Oversubscribed, highly successful JSE listing in November 2015 - Maiden results ahead of forecasts - Self storage sector fundamentals driving attractive growth in distributions - Recession-resilient business model and product - Healthy conservative balance sheet - Positive group and sector growth prospects JSE newcomer Stor-Age - South Africa’s largest self storage property fund - today posted maiden annual results outperforming its pre-listing forecasts...

Stor-Age on the move since November listing

01.02.2016

STOR-AGE ON THE MOVE SINCE NOVEMBER LISTING JSE newcomer Stor-Age Property REIT has followed its November 2015 listing debut with strong growth momentum, despite the current turbulence in the local economy. The company, which rents out space on a short-term flexible lease-basis, today provided an update on its three latest developments within its pipeline, which will enhance its revenue and fee income streams. In addition to the new high quality developments in prime locations, management...

SA's First Self Storage REIT Debuts on JSE

16.11.2015

SA’S FIRST SELF STORAGE REIT DEBUTS ON JSE South Africa’s largest self storage property fund, Stor-Age Property REIT Limited (“Stor-Age”), successfully debuted on the JSE this morning following a substantially oversubscribed pre-listing capital raise. Extraordinary depth in opening trades impressed with over 287 300 shares traded in the first half-hour at an aggregate value of more than R3,8 million. The listing of the R1.3 billion portfolio of quality, welllocated self storage properties is the first of its kind in South Africa...

SA's First Self Storage REIT Set to List on JSE

26.10.2015

The abridged prospectus was released on SENS today opening the offer to invited investors. Stor-Age is looking to raise approximately R710 million through the subscription of approximately 71 million shares in a private placement to invited institutional and high net worth investors. There is also a retail offer to invited investors who include current and past tenants, staff members and service providers. The final issue price is to be determined by demand, with an indicative issue price of R10 per share...

SA's First Self Storage REIT to List on JSE

10.10.2015

Stor-Age was founded in 2005 by the Lucas family, who today remains the core of the executive management team and will continue to hold around 30% of the company post listing. The share offer comprises two parts reaching both institutions and private investors. StorAge is looking to raise around R700 million from institutional investors...

Stor-Age eases marginally on JSE despite dividend hike

21.11.2018

Business Report

Stor-Age eases marginally on JSE despite dividend hike

20.11.2018

Business Day

The Star - Business Report

October 2018

The Star - Business Report

The Star Early Edition

September 2018

The Star Early Edition

Business Day

September 2018

Business Day

The Citizen

July 2018

The Citizen

Beeld

June 2018

Beeld

Business Day

June 2018

Business Day

June 2018

Business Day

Cape Times - Business Report

June 2018

Cape Times - Business Report

Pretoria News - Business Report

June 2018

Pretoria News - Business Report

Business Day

March 2018

Business Day

Financial Mail

March 2018

Financial Mail

Business Day

March 2018

Business Day

Independent on Saturday

February 2018

Independent on Saturday

South African Real Estate Investor

February 2018

South African Real Estate Investor

Cape Times - Business Report

December 2017

Cape Times - Business Report

Business Day

December 2017

Business Day

Finweek

November 2017

Finweek

Business Day

October 2017

Business Day

October 2017

Business Day

Pretoria News - Business Report

October 2017

Pretoria News - Business Report

Business Day

September 2017

Business Day

Commercial & Industrial Property News

September 2017

Commercial & Industrial Property News

Business Day

November 2016

Business Day

June 2016

Alistair Anderson Property Writer, STOR-Age Property Reit (real estate investment trust) has exceeded its prelising targets, achieving distribution growth 4.7% ahead of forecast...

Cape Times - Business Report

June 2016

Stor-Age Property, the largest self-storage property fund in South Africa, is developing four new storage buildings in line with its commitment to build a portfolio of high-quality self-storage assets...

Investors Monthly

November 2015

The property listings boom continues uninterrupted, with no fewer than 10 new real estate counters having made their JSE debut over the past 12 months alone. And there's more to come. Clearly, investors will need to be far more cautious...

Business Day

November 2015

Stor-Age property listing opens a new growth market. Stor-Age Property Reit Limited is a growing business in a relatively new market for SA. Listing this month, analysts have predicted above-industry returns...

Financial Mail cover

November 2015

A new age. SA property punters may be less familiar with self-storage as an asset class than their US counterparts are. But judging by the positive response to this week's listing of Stor-Age, the JSE's first niche owner operator of self-storage facilities...

Business Day

November 2015

Newly listed Stor-Age Property Reit plans to double in size over the next five years, supported by the consistent demand for storage space from SA's growing middle class...

Sunday Times

November 2015

Self-Storage business semms to have a great future in store for it. Its red branding is popping up across cities and Stor-Age will form part of the JSE's listed property sector when it goes public this month. But does a self-storage property firm ring the bell for a property listing bubble...

Business Day

October 2015

Stor-Age banking on growing middle class for expansion. Stor-Age, set to list next month as the first self-storage company on the JSE, expects to achieve double-digit distribution growth in the near future. With many property companies...

Business Day

October 2015

Market commentators say Stor-Age, the first self-storage company to list on the JSE, will be a welcome addition to the listed real estate sector as it offers institutional investors a defensive alternative to offices, industrial and retail property...

Accountancy SA

November 2014

Top CAs(SA) under 35. As you can well imagine, it was a very tough decision for the judges with so many incredibly successful candidates. After a whole month of anticipating who the winner might be, we are very proud to finally make the grand announcement...

Accountancy SA

September 2014

They say the roughest roads often lead to the top. In the profiles of twelve Top 35-under-35 finalists below, successful young CAs(SA) prove that there is much truth in this statement and that circumstances are not definers of destiny but rather that you can choose to overcome adversity and be extraordinary...

Accountancy SA

July 2014

It gives us the greatest honour to announce the names of 35 of the most outstanding young CAs(SA) in South Africa. They have been handpicked not only for their exceptional career achievements and abilities but also for how they actively are giving back to the community and the less fortunate – and ultimately for the way in which their goals and visions are furthering their lives and careers and changing the world around them for the better...

Accountancy SA

February 2014

Listening to peopLe grumbLing over a braai isn’t often a Lifechanging miLestone – but one tuned-in trainee ca(sa) was aLert enough to turn just such a compLaint into a biLLion rand business in mereLy a decade...

Business Day

November 2013

Retail-focused Acucap Properties and office-based Sycom Property Fund, whose portfolio is managed by Acucap, yesterday announced distribution growth if 5.9% and 4.4% respectively for the six months to September...

Business Day

September 2013

StratCorp, which was facing suspension by the JSE if it did not produce audited results bu the end of this month, yesterday released results which included an emphasis of matter by auditors Nexia SAB&T that the company incurred a net loss off...

Entrepreneur Magazine

July 2013

Look once and you’ll see straight down the line auditing types – CAs with solid credentials behind their names. But look again and you notice they’re really mavericks, trailblazing a new industry as pioneers of the South Af - rican self-storage market. This is the story of Stor-Age – and how the people behind it went from a start-up in a lounge to a prop - erty portfolio of R1,5 billion...

Business Report

June 2013

Acucap, the predominantly retail-focused listed property fund, believes the size of its self-storage portfolio will soon be closed to that considered appropriate for a separate listing...

Entrepreneur Magazine

January 2013

Gavin Lucas was 24 and completing his accounting articles when he and his dad Stephen decided to start a self-storage business in Cape Town. “In between working for KPMG and studying for my board exams, I would wake up at 5:30am, have planning meetings with my...

Financial Mail

June 2012

Q 9 U EST I O N S FOR . . . Paul Theodosiou, MD of Acucap Properties, on selfstorage properties Retail-focused Acucap Properties recently entered into a joint venture with Faircape and SA Self Storage Investments (Sassi) to develop a specialist portfolio of self-storage properties, making it the first JSElisted fund to enter this sector. Why se l f- sto ra g e? Self-storage is a recognised asset class worldwide. In the US, for instance...