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Ontario  + Canada  + Industrial  |  March 12, 2024
StorageVault has agreed to purchase two locations in Ontario for $20 million.
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By: Monte Stewart

StorageVault Aims to Complete $70M-$100M of Acquisitions

StorageVault plans to complete $70 million to $100 million of acquisitions in 2024, says the company’s CFO.

Iqbal Khan made the comments in a news release accompanying the Scarborough, Ont.-based firm’s quarterly report.

StorageVault also intends to complete 50,000 square feet of expansions and renovations, he added. The company’s goal is to own and operate storage properties in top Canadian markets, along with complementary portable storage units and records-management storage services.

StorageVault announced a total of $130.1 million in acquisitions in 2023 with some still to be completed. The company currently owns owns and operates 243 storage locations across Canada.

Photo: StorageVault

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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