Maras Group has entered into an exciting new partnership with national self-storage group, Storage Investments Australia (“SIA “), to roll out a number of brand new storage facilities on the eastern seaboard, predominantly in NSW and Victoria.
SIA is a vertically integrated, active fund and asset manager solely focused on the design, development, acquisition, management and ownership of self-storage facilities. Its core strategy is to create geographically diversified portfolios of institutional-grade self-storage assets, located in key growth markets across Australia.
SIA has successfully developed and now manage one of the largest national portfolios of self-storage assets in Australia.
In recent years, our primary focus has been on diversifying our property portfolio both in terms of geographic and property asset class spread. We are excited to now be working with the SIA team to develop a number of key sites and amass scale in this ever growing market.
Our first project together will be in Oran Park, south-west Sydney, within the Macarthur Region and in the Camden LGA, and will comprise some 6,500sqm of NLA over 4 levels.
Con Tragakis, Chair and Director – Investment, Growth & Funds Management of SIA said “Self-storage continues to strongly outperform in the property sector and we are excited to partner with Maras Group to build, own and operate a portfolio of high quality self-storage facilities. Together with SIA’s current portfolio of assets, we expect our total assets under management to exceed $500m over the medium term. Self-storage has withstood and prospered amongst two recessions and a pandemic over the last 15 years and is considered a premier industrial asset class in Australia”.