Kennards Self Storage News & Updates

Category archive: KSS In The News

Victory for Common Sense as Wollongong Council Restore Self Storage Permissibility

Wollongong001After three long debates and three votes, Wollongong Council finally emphatically decided to restore the permissibility of self storage in its IN3 Zoned Land on Monday July 22nd.

At Kennards Self Storage, our pursuit to expand our Illawarra footprint was stalled when we discovered the land we bought had lost its zoning use compliance when a new plan was adopted.

The inconsistency seemed to be inadvertent, so we prepared and submitted a proposal to fix it. Council staff supported our proposal.

Once the issue elevated to the political level it became captured by the additional political dreams and expectations about the future of Wollongong. Some of whom yearn for heavy industry and manufacturing to forever be the economy’s core.

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Business Spectator Looks at the Business Succession Story of the Kennard Family

Nev and Andy KennardThe Kennard Family Business quietly and amicably split in to two parts in 1991. Brothers Neville and Andy Kennard, business partners of 27 years, separated Kennards Hire from Kennards Self Storage and other enterprises. Andy took the Hire business and Nev took Kennards Self Storage and the others.

Since then, both businesses have thrived and grown. The benefits of focus and attention have proven themselves with Kennards Self Storage and Kennards Hire, enjoying strong Brand recognition and positive public reputations.

In 1991, Kennards Self Storage had just 9 locations, in contrast to today with 74 locations and four in development.

All this while remaining private family owned businesses.

Read the entire article by Alan Kohler on Business Spectator: Why are there two Kennards

Author: Sam Kennard, Managing Director, Kennards Self Storage

Either Talk the Talk or Take a Walk

Article  from the Australian Financial Review   Cultural differences can be a major headache when companies merge.

Not long after Sam Kennard recieved the keys to his competitior, Millers Self Storage, an anonymous email was sent to every person in the company – a battle cry of resitance to the purchase. “We are not going to let Kennards take over” was the thrust of this message. But it was way too late. The $220 million deal was done and dusted.

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Valad Unloads Storage Brand

Valad Property Group will exit  its 50/50 joint venture with Kennards Self Storage, redeploying $69 million worth of capital to reduce gearing on its balance sheet by 1 percent. In 2004, Valad teamed up with Kennards to acquire 24 properties under the Millers Self Storage brand in a deal worth $215 million. Valad raised $92.6 million at the time, of which about $32 million was used to acquire an addtional bulky goods centre in western sydney.

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Affordable Undercover Car Storage Hits The Mark

three-kings-branded009Classic Car New Zealand Editorial

The recently acquired Kennards Self Storage in Mt Eden is eager to bring to the market undercover car storage spaces for rent. This is a new area within the New Zealand market that does not seem to be catered for. Mt Eden currently has 93 spaces of undercover car storage. Kennards can now keep your dream machine protected from the weather and elements and give you peace of mind at the same time using CCTV surveillance, PIN code access and back to base monitoring.

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News from Australia and New Zealand

samphotos-004croppedMini Storage Messenger Article

The self storage industry in Australia and New Zealand has generally enjoyed growing occupancies and rents in 2007. In an economic climate that has been patchy for a couple of years, 2007 was generally stronger in all metropolitan areas. The minerals boom has flowed through to incomes, housing and now self storage demand in Western Australia, Queensland and also South Australia. New South Wales, the most populated state, has been recovering from its quite sluggish economic position. New Zealand by comparison has had a moderate year, as interest rates have increased and impacted the turnover of housing and retail spending.

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