You may recall that back in June, we chronicled the rise and rise of one of the Johannesburg Stock Exchange’s best-performing shares.

Since then, the good times have continued for self-storage company Stor-Age, which has now opened a new property in the residential area of Craighall.

This now brings the company’s trading portfolio to 50 properties in South Africa, as well as 16 properties in the UK.

The addition of the 6 650m² store takes Stor-Age’s Gauteng GLA (Gross Leasable Area) to over 186 000m², further stamping the company’s dominance in the region. The new property, strategically situated within an established retail and business corridor along Jan Smuts Avenue, will feature over 600 self-storage units of varying sizes.

Whereas many people think of storage companies tucked away in far-flung corners, where you basically have to plan a day trip and take leave in order to pop something in or grab something out, Stor-Age has once again nailed down a central location.

Capetonians may recognise this landmark in the Gardens area:

That’s convenience. If you’re looking to store something, you can also score 50% off your first month’s rental here.

Here’s Gavin Lucas, CEO of Stor-Age, with more on the Jozi outlet:

The opening of Stor-Age Craighall, the 50^th in our South African portfolio and the 24^th in Gauteng, reflects the growth trajectory of our business. We aim to meet the needs of the SME business, household and student sectors, and this development not only reflects the necessity for the self-storage product in key urban areas, but also highlights the success of our growth strategy.

The property is uniquely located on Jan Smuts Avenue, one of the busiest arterials leading into Sandton and Rosebank, and will serve the greater areas of Hyde Park, Craighall, Craighall Park, Dunkeld and Hurlingham.

Rather than rest on its laurels, the company is continuing on the acquisitions and development front, and recently broke ground on the new R90 million Stor-Age Tygervalley in Cape Town’s northern suburbs, with an additional seven properties in their development pipeline.

These new developments, including the Craighall and Tygervalley properties, will add an estimated 60 000m² + GLA to the Stor-Age portfolio.

At the time of writing, Stor-Age was trading at R13,13 a share.

A reminder that you can score a cool 50% off your first month’s rental at Stor-Age, because paying full price is for fools.