Kennards Self Storage April eKourier

PROPERTY

THREE NEW ACQUISITIONS TO START 2021

Sam Kennard visiting the newely acquired KSS land in Yarrabilba QLD

BIG MERINO TO GET A NEW NEIGHBOUR - GOULBURN, NSW

term view. Our development will be staged to match demand as population grows. Ultimately, we anticipate the project will be approximately 700 spaces. We are now seeking consent and hope to start construc- tion in the second half of 2021. MELBOURNE NETWORK TO GROW TO 16 - PAKENHAM, VIC This new property is located at the interchange of Koo-Wee-Rup Rd and the Princes Freeway. Pakenham is approxi- mately 60km south east of the Melbourne CBD. It is another rapidly growing Melbourne area and relatively under-served with quality storage operators. The property is relatively small at only 5,800 square metres. We intend to develop a two storey centre with about 550 spaces. It will enjoy great exposure to the traffic coming on and off the motorway as well as very convenient access. We are proceeding immediately with our application to get consent from Council. When complete, Pakenham will be our 16th location in Melbourne.

We will be lodging plans to develop a typical 1-2 level storage centre with 500-600 spaces, including a number of Enterprise Spaces. GETTING IN EARLY IN YARRABILBA - YARRABILBA, QLD We have acquired 1 hectare parcel in the Queensland growth neighbourhood, known as Yarrabilba. This is a brand new rapidly-growing community develop- ment that will eventually be home to 50,000 people. This new suburb is being developed by Lend Lease. Like other south east Queensland housing areas it is experiencing red hot demand with interstate migration from the southern states fuelling strong growth. We have secured a key location on Yarrabilba Drive, and will eventually occupy a central position with close proximity to a major shopping centre (yet to be built). Our immediate neighbours will include a Service Station and a couple of fast food drive through restaurants. The position will provide superior visibility, access and convenience to competing centres.

Located in the entry to Goulburn near the world famous Big Merino. The gateway position will offer exceptional exposure and instantly provide us with market leading awareness. Goulburn is another regional community benefiting from the ‘tree change’ migration from the cities due to Covid19. Located between Sydney and Canberra, Goulburn is a popular stop-off for travel - lers heading to the Snowy Mountains, Canberra and interstate. Of course, it is famous for The Big Merino - a giant 15 metre tall Merino Ram monument erected to celebrate the wool industry of the area. The Goulburn location is a good regional fit for us. It is located two hours from Sydney, and neatly between our Mittagong and Canberra centres. This will make management and operational visits efficient and effective. The property is 1.7 hectares, with access directly off the busy arterial, Hume Street. It is surrounded by fast food, service retail, bulky goods retailers and Bunnings.

Sam Kennard Chief Executive Officer

Current population levels are modest so our arrival is early and we have a long

6 Kennards Kourier April 2021