JOHANNESBURG - Stor-Age, the listed self-storage real estate investment trust (Reit), has raised R52million through a fully subscribed vendor consideration payment.
The company said yesterday that this amounted to the full purchase consideration to acquire All-Store Self Storage in Cape Town’s northern suburbs. It reported early last month it had entered into an agreement of sale with Ninety Nine Investments to acquire All-Store Self Storage for R52m.
Stor-Age said the additional shares were listed and commenced trading on the JSE effective from yesterday.
- BUSINESS REPORT