Case Study

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The Extra Space investment portfolio was established in 2006 by USSFM founders Robert and Jonathan to take advantage of the self storage investment opportunities in key Asian markets. [/col] [col class="span4"]

The Extra Space portfolio consisted of 4 self storage facilities in Singapore, 1 in Malaysia and 1 in South Korea, with a combined net lettable area of over 450,000 sq ft.[/col] [col class="span4"]

To fund the developments, investors contributed $24 million (AUD) and were returned $48 million (AUD) over a 5 year period. Debt was sourced in the local currency at a LVR of 55%.[/col] [/row]

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The Australian Prime Storage Fund (APSF) was established in 2015 to develop and own state of the art self storage centres located in the major capital cities centres on the east coast of Australia. APSF was a joint venture between Universal Self Storage Prime Storage Fund (USSPSF) (75.1% ownership) and National Storage (NSR) (24.9% ownership). [/col] [col class="span4"]

Established to develop new, marketing leading self storage centres within 10 kms of the major cities of east coast Australia and New Zealand. At its peak the APSF portfolio consisted of 4 self storage facilities in Kelvin Grove (QLD), Albion (QLD), Carrara (QLD) and Canterbury (Victoria), with a combined net lettable area of 23,400 sqm.[/col] [col class="span4"]

The Total Development Cost of the APSF Portfolio was $56.8m. Debt was sourced at an LVR of approximately 50% of the Project Value. Equity was raised by USSFM from NSR and USSPSF.[/col] [/row]

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