Stor-Age agrees to buy 10 Xtraspace self-storage sites for R 387 million

Reuters2026/08/03 07:14

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Stor-Age agreed to buy 10 income-producing Xtraspace self-storage properties for ZAR 387 million, expanding its footprint in major South African metros.
The portfolio has 51,878 square meters of gross lettable area; estimated capital improvements of ZAR 38 million.
Transaction funding set from existing senior debt facilities; loan-to-value expected to stay within the target range.
Separately signed a two-year agreement to manage six additional Xtraspace sites, adding recurring fee income from the transfer date.
Closing remains subject to competition clearance; effective date targeted for H2FY27.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stor-Age Property REIT Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S525021), on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Stor-Age agrees to buy 10 Xtraspace self-storage sites for R 387 million

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