Steel Storage Group, the leader in manufacture, design and construction of Self Storage projects in Australia, Europe and Asia, announced the sale of Brian Perry’s stake in the Group to Carnegie Wylie & Co, a boutique corporate advisor and venture capitalist. As one of Australasia’s premier venture capital firms, Carnegie Wylie & Co have played a key role in some of Australia’s biggest deals; such as BHP Billiton and WMC Resources, Coles Myer and KKR, Toll Holdings and Patrick Corp and preparing Telstra for its $15.5 billion government sell-down. CWC have also been involved in the sale of Qantas to Air Partners, and Promina to Suncorp Metway.

The Steel Storage Group has consolidated its position as market leader in the manufacture, design and construction of self storage facilities in the markets it has entered In its 15 year history.

Operating in Australasia, Europe and Asia, Steel Storage is favorably positioned to capitalize on the much anticipated self-storage take-off in countries outside of the USA, Particularly the enormous potential market in Asia.

With a population more than ten times that of the USA, and the total number of facilities less then one thousandth of the USA, it is expected that the Asian market will be a highly lucrative one. As westernization occurs, increasing urbanization, and the economic growth in Asia lifting general wealth and expendable income of city dwellers, the Asian market looks extremely promising in terms of developing the self storage industry to levels seen in Australia, Europe or even that of the USA.

Utilizing a wealth of knowledge and experience garnered from 15 years of operation in Australia, Steel Storage converts these assets to it European and Asian markets, having quickly opened offices developing strategic relationships with suppliers and contractors, and building solid market shares.

Jon Perrins, Managing Director of the Steel Storage Group, welcomes the introduction of CWC onto its board and share register acknowledging their experiences in Asia and Australia as a great asset in Steel Storages long term growth in European and Asian markets.

Ben Johnson
Group Marketing Coordinator