Execustore Acquired by Stor-Age Property REIT | Industrials M&A Deal

Stor-Age Property REIT has acquired Execustore, a industrial services other business in Ballito, for R59 mln. Execustore provides industrial storage and logistics space management services that support occupier needs in the Ballito industrial market. Stor-Age Property REIT acquisitions focus on expanding industrials M&A exposure through operationally aligned facilities and tenant demand. The add on acquisition is an announced public company acquisition, structured as an add on acquisition within Stor-Age’s industrial portfolio.