Syndications

Overview

USSFM identifies and develops self storage centres for syndicates of private investors. In this role, USSFM provides a full range of services for the syndicates including design and development, construction management, project feasibility and financing, operations management selection, ongoing investment management and asset realisation.

Helensvale

The Helensvale site was identified by USSFM in 2013. A self storage centre was designed and constructed by Steel Storage Australia, an industry leader in this field, and opened in August 2014.

The centre is owned by an investor syndicate and managed by Storage King. The facility has over 560 multi-sized units spanning over four levels, with a net lettable area of 5,700 sq. metres.

The “Box Shop” space retails a wide range of storage and packaging merchandise from a 150 sqm modern retail space. The design and construction of the facility focused on reducing operational costs, improving customer experience and implementing state-of-the-art design features.

The centre reached over 80% occupancy after only 14 months of trading.

Storage King Helensvale was awarded the Storage King Facility of the Year in 2016 and was a finalist in the Best Facility Awards by the Self Storage Association of Australia in the same year.

Upper Coomera

In 2018 the Helensvale syndicate commenced construction of a new self storage centre on a high profile site at Upper Coomera, approximately 5 kms north of the Storage King Helensvale centre.

The centre opened for trading in January 2019 and reached stabilised occupancy of 85% in February 2021. The new building features approximately 5,700 sqm of self storage space and “Box Shop” retail and office features over 4 levels, in an all concrete, superior standard building.

North Lakes

Storage King North Lakes (SKNL) was developed by USSFM and is owned by a syndicate of private investors. USSFM raised the equity and debt to fund the Project and is retained as the investment manager. SKNL is located in the fast growing suburb of North Lakes, situated in the northern growth corridor outside Brisbane.

SKNL is made up of two buildings each with two levels of fitted storage units and an area of hardstand at the northern end of the site. The total Net Lettable area of the centre is 4,600sqm of which 450sqm is hardstand.

SKNL opened for trading in February 2020 and reached 85% occupancy after a year of trading.

Pacific Self Storage Vanuatu

Pacific Self Storage Vanuatu (PSSV) was developed by USSFM for a syndicate of private investors. PSSV was developed to capitalise on the relative under supply of self storage in the region. USSFM intends to roll out Pacific Self Storage branded centres across the south pacific into the future.