Self-Storage

As at 30 June 2018, Abacus owns and manages a $666 million self-storage portfolio across 62 assets providing 287,725 sqm of self-storage space.

The portfolio is located across key metropolitan markets on Australia’s east coast and throughout New Zealand.  Abacus has been involved in the sector since 2005 and through our operating relationship with Storage King, the largest self-storage brand and manager in the Australasian region, has become one of Australia’s largest owners of self-storage facilities in the region.

The investment strategy is to own an institutional grade portfolio of self-storage assets in key strategic markets and locations that provide strong potential for income and capital growth. The portfolio demonstrates superb geographic diversity with facilities operating across Victoria, New South Wales, Queensland, ACT and New Zealand.

Here are a selection of our major facilities.

Portfolio metrics

Major statistics as at 30 June 2018

Portfolio size $666 million
No. of assets 62
Net lettable area 287,725 sqm
Portfolio occupancy 89.4% (by area)1
Average rental rate $276 psqm (average over last 12 months)1
RevPAM $247 per available sqm (average over last 12 months)1
1. Adjusted to remove the impact of non-stabilised development assets.