SASSI secure rights for leading self storage hallway systems
SA Self Storage Investments (SASSI), the fastest growing self storage group in SA, has secured from a US based supplier, Janus International, the sole distribution rights for Africa to distribute an all-steel self storage hallway system to both existing operators and potential new entrants to the self storage industry.
This, says Steven Horton, a SASSI director, has come at exactly the right time because the South African self storage industry is still in its infancy and several years behind the more developed international colleagues such as the US, Australia, UK and Europe. Steel hallway systems are the standard construction technique in the First World but in South Africa market, brick and mortar are still widely used and accepted as the norm.
Janus International, says Horton, is the worlds largest supplier of self storage doors and hallway partitions. Its components have been installed on almost every continent. With three manufacturing facilities and over 300 employees in the US, a joint venture in the UK and dedicated sales ventures in Latin America, a tie-up with an African based distributor was a logical step.
With its base in the US, Janus is the largest self storage component supplier in the world. It has supplied over 52,000 self storage facilities and is also the primary supplier to Public Storage (PS), the worlds largest self storage company. PS operates over 2,100 self storage facilities in the United States and Europe totalling approximately 13 million square metres of space. Based on number of tenants, PS is one of the largest landlords in the world. PS is also the second largest REIT in the US across all property sectors, with a market capitalisation of over $8billion.
The base components of their systems are strong, lightweight modular interlocking metal sheets which can be supplied in any colour and, owing to their Chromadek coatings, are weather, rust and stain resistant.
They give any storage facility a chic, clean, upmarket look, says Horton.
The systems, he says, are particularly well suited to installation in existing structures such as SASSIs new Sea Point store, where an existing parking garage and panel shop were converted into a 300 unit self storage facility, but are equally suitable for new developments where a concrete or brick and mortar shell is first built to house them.
A big advantage of the system, said Horton, is that it is not structural and therefore does not limit the possible future potential uses of the building. In practice of course, once a building is converted to self storage, it is rarely changed to serve another purpose.
SASSI anticipate a widespread adoption of the system, coupled with the fact that the South African self storage industry is still very much in its infancy with much growth anticipated in the near future.
SASSI is currently the largest self storage investment and development company in South Africa with more than R80m of construction activity on the go across multiple cities and a self storage portfolio of R170m under management by its subsidiary company, Stor-Age Self Storage. The groups key strengths, says Horton, are its powerful executive team and professional corporate structure with a management team led by Chartered Accountants and Chartered Financial Analysts. The company also has a strong construction arm. The business model is built on that of the market leaders from the UK and Australia, where companies seized the opportunity in the late 1990s.
SASSI will be launching 4S (Pty) Ltd - Steel Self Storage Systems to market the Janus systems in South Africa. This new operation complements their investment, development and management interests.
Article by: www.saselfstorageinvestments.com