Singapore-based self-storage operator StorHub has secured $460 million of fresh equity commitments to launch its assault on the already crowded, but highly fragmented Australian self-storage market.
The company, which opened Singapore’s first self-storage facilities in 2003, was mostly acquired by US-based private equity firm Warburg Pincus in 2019.
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correction —
Warburg Pincus acquired most of StorHub in 2019, not September 2023 as originally reported. Andy Kennard has not had a financial interest in Kennards Self Storage since 1991. An earlier version of this article said he led the business with Sam Kennard.
Larry Schlesinger was a reporter at The Australian Financial Review.
