Stor-Age, officially Stor-Age Property REIT Limited, is a South African property developer and real estate investment trust (REIT), specializing in self storage facilities.
Headquartered in Cape Town, the company was founded in 2005. As of 2026, Stor-Age has 110 properties in its portfolio, worth a combined R19 billion.
History
Stor-Age was founded in 2005, by Gavin Lucas, Stephen Lucas, Les Lucas, and Steven Horton. The company's first self storage facility opened in Cape Town in 2006.
In 2015, Stor-Age incorporated as Stor-Age Property REIT Limited and listed on the JSE Limited, becoming South Africa's first listed specialist self storage property fund.
In November 2017, Stor-Age expanded outside SA by acquiring UK company Storage King.
In 2021, the company entered into a joint venture with major South African commercial bank Nedbank's Corporate and Investment Banking division to develop self storage properties in South Africa. The first were built in Johannesburg.
In January and March 2022, Stor-Age expanded its UK portfolio through the acquisition of McCarthy's Storage World and Storagebase, respectively, as part of its joint venture with Moorfield Group.
In September 2022, the company obtained a secondary listing Sandton-based stock exchange A2X Markets.
In 2024, the Stor-Age entered into a third party management agreement with UK real estate investment firm Hines. That same year, the company expanded its South African portfolio through the acquisition of Extra Attic, located near Cape Town International Airport.
In 2025, Stor-Age opened a self storage facility in London, worth approximately R604 million, through its joint venture with Moorfield.
In December 2025, Stor-Age raised R500 million in equity capital. The following year, the company acquired additional South African self storage assets, including Lock-Up Storage, Execustore, and West Coast Storage.
Operations
As of 2026, Stor-Age does business in South Africa and the UK, and has 110 properties in its global portfolio, worth a combined R19 billion.
Property investments
In March 2026, the 10 most valuable properties in the Stor-Age portfolio were:
Property Location Gross leasable area (GLA) Value Ref. Gardens Cape Town, Western Cape 12,453m² R396 million Claremont Cape Town, Western Cape 9,026m² R263 million Edenvale Edenvale, Gauteng 8,637m² R215 million Tokai Cape Town, Western Cape 8,100m² R205 million Centurion Centurion, Gauteng 20,871m² R204 million Pinehurst Durbanville, Western Cape 10,464m² R199 million Table View Cape Town, Western Cape 10,074m² R187 million Sunninghill Johannesburg, Gauteng 8,531m² R179 million Mount Edgecombe Durban, KwaZulu-Natal 9,045m² R175 million Craighall Johannesburg, Gauteng 6,528m² R168 million
References