Street Talk

Intermediate Capital Group does the heavy lifting at self-storage REIT

Sarah Thompson, Kanika Sood and Emma Rapaport

Jul 18, 2023 – 7.17pm

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Just weeks after Abacus Property ruled off its $3 billion demerger of Storage King, we’ve unearthed another deal in the red-hot self-storage sector.

Street Talk understands London-listed alternative asset manager, Intermediate Capital Group, has held discussions to take a stake in privately owned Storage Investments Australia, which has 13 self-storage facilities, including a handful under construction.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com