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  • These Local Early-30s Entrepreneurs Have Built Up A R1.5 Billion Asset Value Property Fund in 8 Years [Video]

    03 Jun 2014 by Jasmine Stone in Business, Stor-Age, Vibe
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    Getting up early, being on-time, staying business-savvy, and all that jazz, can be a tough-ask for some, but can have great results.

    The guys behind self-storage company Stor-Age have climbed their way up the entrepreneurial ranks over the last couple years, and have now embedded themselves as the most-recognised brand in the industry.

    The four co-directors, Gavin Lucas, Stephen Lucas, Les Lucas and Steve Horton, have established the company as a major player in the SA storage property market, boasting a R1.5 billion property portfolio consisting of 33 properties, comprising 25 trading stores and eight development sites across six cities. Not bad for some young guys who came up with the idea in their lounge.

    “We believe we will meet our medium-term target of 40 properties with a R2 billion portfolio value by 2015. In the long-term we are confident of our ability to once again double the size of the portfolio by 2020. This means bringing on line approximately four to six new properties each year, as well as closing some acquisitions of existing self-storage operators.” – Steve Horton

    The company has already been praised by the likes of Entrepreneur magazine, referring to the Stor-age team as “pioneers of the self-storage market”.

    Look once and you’ll see straight down the line auditing types – CAs with solid credentials behind their names. But look again and you notice they’re really mavericks, trailblazing a new industry.

    The team has also set their sights on doubling their portfolio by 2020, something that must’ve seen overly ambitious a few years back, but is now a reality.

    They’ve released a video roundup of their achievements, and it’s pretty cool to see. Prepare for some EPIC accompanying music.

    To find out some more details on the background and successes of Stor-Age, check out the stories here, here and here.

    [source: Stor-Age]

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