KSS Information Memorandum 2021

The Twenty Twenties 2020 added three new locations expanding our footprint in Victoria and Queensland, taking the group to 95 operating sites with over 70,000 storage spaces and 650,000 square metres of available space. 2020 also included a major acquisition of the Australia Post building in Adelaide’s CBD. In March 2020 came the COVID-19 pandemic, where we experienced significant disruption with lock downs, and significant business uncertainty. Self Storage continued to operate as an essential business supporting essential services, adapting quickly to the health requirements of social distancing and strict hygiene practices. This accelerated the digital signups know as contactless move in. Kennards was ahead of the curve with this technology. Acquisitions paused in 2020, waiting to see the effects of the pandemic. 2021 has seen investment and acquisitions return off the back of higher occupancy and returns stimulated by the effects of the pandemic. Kennards experienced great resilience in the storage industry with occupancy growth from June 2020 ongoing into 2021.

Castle Hill NSW

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