eKourier Oct 2016

FEATURES

New Development Pipeline Swelling at KSS

KSS Petersham, NSW expansion - lifting the pre cast floor panels for the second floor concrete slab ‘

O ur growth program is hitting a new momentum in the next few years. Acquisition circumstances and approval delays will make 2017 a particularly big year for KSS growth. After adding 16,811 square metres of additional space in 2014; then 14,445 square metres in 2015, KSS now has a development pipeline with over 118,021 square metres of space to be built and brought to market between 2017 and 2019. Kennards Self Storage has consist- ently been the biggest and most active builder of new self storage centres in Australia for many years. The pipeline through to 2019 looks even greater. 2016 will see KSS open a new location in St Marys, on top of a number of property expansions. In total in 2016 KSS will be adding another 31,643

square metres of new space and expansion space. ‘ KENNARDS SELF STORAGE HAS CONSISTENTLY BEEN THE BIGGEST AND MOST ACTIVE BUILDER OF NEW SELF STORAGE CENTRES IN AUSTRALIA FOR MANY YEARS. THE PIPELINE THROUGH TO 2019 LOOKS EVEN BIGGER. In 2017, Kennards will open eight new locations in various Australian markets. In NSW we have new centres in: Warrawong and Chullora; in Queensland we will open Murarrie; in Melbourne we will see both Hawthorn and Thomastown open; while in Adelaide, Croydon Park and Seaford Meadows will open their doors. Looking further ahead we have also committed to a new development which will be operational in 2018, in Melbourne’s Craigieburn. Our company is now joined by an increasing number of investors building new supply in the self storage sector. In addition, the new supply is not just coming

4 Kennards Kourier Oct 2016