Our portfolio is predominantly purpose built with a national footprint in SA. In the UK, the portfolio has a bias towards the South East and SouthEast.
The 74 properties are split between 66 trading properties (50 in SA and 16 in the UK) and 8 new properties in our pipeline. Our 66 trading properties will offer an estimated 429 400m² of GLA once fully fitted-out. Our pipeline of 8 new properties offer further developable GLA of 53 000m² on full build-out.
In defining our property strategy in South Africa, we identified the four main cities on which to focus and then the specific suburbs (including arterial routes) where we would like to establish a presence. This is not a restrictive or instructive strategy, but rather a guide that supports our full business growth strategy.
1. An additional 12 properties trade under license of the Storage King brand, taking the total number of Storage King branded properties up to 28 across the UK