Kennards July eKourier

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Cranbourne VIC

and new hoist. Another 260 units for Belmont. evenue Management (RM) started in d, I keep getting questions (g od one venue Management System. Albeit it anagement, but I thought I would sha H Chullora NSW Wetherill Park NSW

15 Kennards Kourier July 2021 ality, trends, demographics, tures, days on market, length competitive data, and many that a single person (or even an cal portion but a great deal of tanding our customers and rket, trial and error, heaps of y, adaptability, daily judgment nstantly taking controlled risks. ective of Revenue Manage- not to increase occupancy, to push rates. It is finding the alance betwe n the two of them mise revenues. Yes, maximise es! a complex game that requir s g several variables, like histor- mand, elasticities, prices, Wetherill Park NSW – Construction is underway with Apex Building Group for three x 2 storey buildings on an area of vacant land adjoining the current Wetherill Park facility. The new development will include 3,500 sqm of new lettable space, and a variety of larger to smaller units to be provided. Construction to be completed in early 2022. Cranbourne VIC – Regis Built have been awarded this contract for a new centre east of Melbourne CBD. The development will include three x 2 storey buildings with around 700 new self storage units, new office and amenities, and some Enterprise Space type units. Construction to start second half of 2021. Craigieburn VIC – Regis Built have been awarded this contract for a new centre north of Melbourne CBD. The Stage 1 development will include three x 2 storey buildings with around 800 new self storage units, new office and amenities. The Council approval also includes land area for future development to include a bulky store complex and alternate uses such as fast food and a service station. Chullora NSW – fit out of the final and top floor of the multi-storey building is underway. Another 220 self storage units will be provided for Chullora. Macquarie Park NSW – fit out of the final top two floors of the rear multi- storey building at THQ is underway. Another 270 units for Macquarie Park. Belmont NSW – fit out of the rear building is underway with Patterson Building Group. In land area KSS Belmont is one of Kennards longest sites with numerous single and two storey buildings. The site is so large the Team use golf buggies to travel around. KSS are expanding one of the larger buildings with a new level one self storage fit out

Adelaide Airport SA – Regis Built have been awarded this contract for the final level one fit out of Building C at Adelaide Airport. The centre opened in 2018 and steady occupancy has bought forward the expansion with another 90 units for Adelaide Airport. Murarrie QLD – Regis Built have won this contract for the fit out of the top two floors and will provide another 440 self storage units. Coorparoo QLD – Regis Built have won this contract to fit out the top two floors. The work will expand the centre with 300 new units. Michael Macheledt & Craig Henery Development & Construction Team

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