StorHub Group expands into Australia backed by $300m equity commitment

StorHub Group has announced its expansion into the Australian market with the launch of StorHub Australia, backed by a $300 million equity commitment.

Simon DeGaris, an industry veteran with nearly 20 years of experience in a variety of roles, including at Kennards Self Storage, has been appointed CEO of StorHub Australia.

StorHub Group, founded in 2019 by Warburg Pincus, has become Asia’s largest multi-country self-storage platform through a buy-and-build strategy.

Australia is the seventh market of StorHub’s regional expansion. StorHub Australia is seeded with five strategically located quality assets, in Rouse Hill, Alexandria, Miranda in Sydney, Clifton Hill in Melbourne and a site in Canberra.

StorHub Australia also provides tailored self-storage solutions and value-adding services to small- and medium-sized enterprises that include co-working spaces, free wi-fi and printing services.

“The self-storage industry in Aust