Natgen stores up its next win
Fund manager Natgen has closed its third capital placement for a self-storage development, underscoring strong investor demand and confirming its emergence as a significant player in the local self-storage market.
Operating under the locally owned and operated General Self Storage brand, Natgen has signalled its intention to expand further afield, continuing to grow the breadth and depth of its self-storage portfolio across South East Queensland and beyond.
Their latest fund, Natgen Development Trust PR25, will undertake the development of a new GSS facility on a 1.08ha site at 3872-3890 Mount Lindesay Highway, Park Ridge, within the city of Logan.
Building on the success of Natgen’s first two facilities, opened at Upper Coomera in August and Southport in October, the addition of Park Ridge will position Natgen as a $100m player in this expanding asset class.
Managing director Steven Goakes said the company’s strategy is focused on building the scale, quality and operational efficiency that the modern storage client is seeking.
“We are focused on developing institutional-grade facilities with high-quality design and robust infrastructure,” he said.
Each GSS facility features extensive electrical, mechanical and hydraulic systems, including state-of-the-art fire sprinkler protection. The high level safeguards stored goods, can reduce insurance premiums, and is increasingly valued by customers and insurers.
With Natgen Development Trust PR25 now fully subscribed, construction at the Park Ridge site is expected to commence in early 2026.
Article by The Courier Mail
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