eKourier July 2011

Business in New Zealand Gains Momentum…

S ince our last edition of the Kourier, Christchurch experienced another major earthquake. The general media consensus was the NZ economy would nose dive as the ongoing damages added up and take resources from the rest of the country. Keeping in mind that Christchurch is the second largest city in NZ, approximately 15% of the country GDP. The result, fortunately for us, has resulted in more business for our sites. As we close out the financial year, a number of our NZ sites have achieved individual milestones that deserve mention. Palmerston North and Mt Eden sites reached their highest rent per square metres, while Hastings and Wanganui have their highest number of rented units since we acquired the sites in December 2007. Well done to all of the team members for there contributions in asking for and gaining the business!

Christchurch is the movement of families away from disaster to other locations in NZ, perceived to be safer. We are now seeing a

gradual increase in momentum around the cities where we have facilities. This has resulted in more storage enquiries with the teams converting these opportunities into move-ins. “The Canterbury Crusaders making the Super 15 Final against the Queensland Reds, simply a precurser to the inevitable All Black success at the Rugby World Cup.” The second half of the calendar year will be exciting for us Kiwis. The

Canterbury Crusaders making the Super 15 Final against the Queensland Reds, simply a precurser to the inevitable All Black success at the Rugby World Cup, plus add in the increased employment opportunities from the government programme to rebuild Christchurch. All in all this should create favourable conditions for the greater economy to rise above the GFC conditions that have hung around here for far too long and improve the profitability of our NZ facilities this year. See you all at the Achievement Dinner! Andrew Kirkham

The positive effect of the tragedy in

Kennards Reflections L ooking back over past Kennards Kouriers, this edition takes us to Christmas 1994 with the new addition of our 14th storage centre at Marrickville. It is interesting that todays Kourier now celebrates our 70th Location! The front page article written by Sam Kennard, mentions occupancy of over 90% and the certainty that this centre will hit that mark quickly. It also mentions the space to have just over 300 units built. Today Marrickville has 377 units with over 300 rented. Inside this edition other stories included: Getting and Keeping Commercial Customers; Caring - The Missing Element; The introduction of a new Director and Deputy Chairman - Leigh Norman; a 1995 Development Program outlining what’s in store for the coming year, including more units at Sandgate, Newcastle, Erina, Artarmon, Kirrawee and Wetherill Park. There is also an article from Neville canvassing the “Learning Company” philosophy of KSS. This edition of the Kourier, though 16 years old now, shows that Kennards shared the same values, culture and inspirations back then, as we do today, striving for that “Famous Household Name” while making sure we have fun achieving it at the same time!

Kennards Kourier July 2011

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