kennards fully acquired valads interest

Kennards Self Storage has now fully acquired Valads interest in their Self Storage Joint Venture. Kennards teamed with Valad in 2004 to acquire Millers Self Storage, which owned 24 storage centres in a deal worth $220 million. The Millers Group was owned by Security Capital European Realty. Security Capital was a diverse investment group with interests in self storage, car parks, hotels and industrial buildings. Their assets spanned U.S.A., Europe and Australia.

In 2010, the Kennards-Valad Joint Venture had grown to 36 self storage properties. The storage centres were managed by Kennards.