Kennards Self Storage News & Updates

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Strong Fundamentals Continue in U.S. Self Storage Sector

Kennards PenrithThe latest business briefing from Cushman and Wakefield on the state of the U.S. Self Storage Industry reveals robust business fundamentals and a continued strengthening in investor appetite.

Notable observations in the report:

• Average Capitalisation Rates have now gone below 6%, and were 5.9% for second half of 2014. This is a 22 basis point improvement on first half.

• Capitalisation Rates peaked in 2009 at 8.55%, and are now 243 basis points lower.

• Investors continue to be discerning about asset quality with ‘Class A’ self storage facilities seeing an average capitalisation rate of 5.5%, while ‘Class B’ is at 6.4% and ‘Class C’ 7.5%.

• Transaction volume is set to exceed $3 billion in 2014.

To read the full Cushman and Wakefield Storage Briefing Click Here.

Sam Kennard

Sam joined the Family Self Storage Business in 1991. He was appointed Managing Director in late 1994. In that time Kennards Self Storage has grown from 8 locations to over 95 today.

The company is an active and specialised developer of property, focussing on expanding the Kennards Self Storage portfolio in Australia and New Zealand.

Today, Kennards Self Storage is the market leading Self Storage Brand and industry innovator and employs over 230 people in Australia and New Zealand. The company remains a privately owned and family run business.

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