New $100m self-storage facility opens on former Molendinar factory site
The Gold Coast’s shrinking living spaces have sparked a storage boom, with a $100 million facility opening where a tile factory once operated.
The former site of a Molendinar tile factory has been replaced by a $100m self-storage centre amid a massive expansion of the sector on the Gold Coast.
Queensland-based fund manager Natgen through its General Self Storage (GSS) brand have launched its new facility on Industrial Ave.
The project has been under construction and comes ahead of another facility being built on the neighbouring site which was previously home to the Gold Coast Bulletin.
Natgen managing director Steven Goakes said there had been surging interests in self-storage facilities in recent years.
“General Self Storage is a homegrown Gold Coast brand, and Southport is the latest iteration of a model we have developed specifically for this region,” he said.
“We are seeing strong demand from residents who simply need more space to make their homes functional while keeping their personal items safe, and our investors recognise the resilience of the sector.
“People are living differently. Apartments are smaller, families are more fluid, and space is at a premium.
“Storage is not an optional extra anymore, it is becoming part of the essential infrastructure that supports modern living on the Coast.”
It is the second such facility built by Natgen on the Gold Coast following the opening of a similar complex on Upper Coomera’s Ellis Way in October.
Article by The Courier Mail
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