Stor-Age Property REIT, which operates self-storage facilities in South Africa and the United Kingdom, has launched a collection campaign to help distribute water to residents of Cape Town, South Africa. The city is experiencing a water crisis in which its feeder dams are at 27.2 percent capacity. Water taps are expected to run dry as of April 12, according to the source.
Stor-Age has made all its locations across South Africa available to collect and store water for distribution. The company has asked participants to drop off store-bought, 5-liter bottles of water.
“We’re sitting with this massive issue, and we ask what we can do about this. The responsibility is not only the municipality’s but belongs to all of us,” said former rugby star Jean de Villiers, who is serving as the campaign’s ambassador.
Headquartered in Cape Town and established in 2006 by the Lucas family, Stor-Age operates a 62-property portfolio, primarily in four South African metropolitan areas, that comprises approximately 300,000 square meters. It’s the operator appointed by Stor-Age Property Fund Managers Pty. Ltd. to manage and market the property portfolio owned by Stor-Age Property Holdings Pty. Ltd., and was listed on the Johannesburg Stock Exchange in November 2015.
