Storage

As at 31 December 2016, Abacus owns and manages a $613 million storage portfolio across 66 assets providing 302,000 sqm of storage space.

The portfolio is located across key metropolitan markets on Australia’s east coast and throughout New Zealand. The portfolio is located across regional and metropolitan markets of 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 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 31 December 2016

Portfolio size $613 million
No. of assets 66
Net lettable area 302,000 sqm
Portfolio occupancy 88.7% (by area)1
Average rental rate $262 psqm (average over last 12 months)1
RevPAM $232 per available sqm (average over last 12 months)1
1. Adjusted to remove the impact of non-stabilised development assets.