eKourier April 2016

FEATURES Construction Investment Climbs To $40 Million In 2016

Murarrie QLD

2 016 has emerged to become our biggest year for new projects and expansions. The company expects to invest over $40 million this calendar year in construc- tion as we open new centres and expand existing ones. The surging population in our market areas is underpinning strong future demand for Self Storage. Kennards Self Storage is uniquely placed at this time. Both Australia and New Zealand are highly desirable places to live, resulting in strong immigration and high density living. The company’s existing foot print provides a good platform to improve our reach to this growing demand. Being privately owned our investment activities are purely at our own discre- tion. Without external investors and analysts to worry about, our decisions are made with an enduring long-term view. The scarcity of property is also compel- ling us to reconsider how effectively we are using existing urban locations.

We challenge ourselves as to whether we can do better. Beyond 2016, there are some exciting, even courageous, expansion ideas being explored at the moment. The company’s profit reinvestment has been a long standing practice, and if the company tax rate were to be reduced the higher profit amount would all flow

to increased investment, with further job creation and service expansion. These are very exciting times for KSS. Not only is the pace of invest- ment higher than ever, our projects are increasingly going vertical, with more density mirroring what we see in residential development. Sam Kennard Managing Director

Hawthorn VIC

13 Kennards Kourier April 2016