Kennards and Valad dissolve partnership

The Homebush-based Kennards Self Storage will progressively acquire Valad Property group’s 50 per cent share in the business, which has 36 outlets in the metropolitan area, including those in Parramatta and Rydalmere and 10 other locations in Western Sydney. The decision to break was mutual, said MD, Sam Kennard In 2004 Kennards and Valad teamed up to acquire 24 properties under the Millers Self Storage brand. The transaction is expected to be completed by June 30, 2009, according to The Australian Financial Review.