On November 16, 2020, Peerage Capital’s self-storage partner, Vaultra Storage, opened a 260,000 square foot, high-security self-storage facility at 200 Fairbank Avenue in Toronto. This is the first of a number of new-build facilities that Vaultra is constructing in the Greater Toronto Area.
In addition to smart meeting rooms and on-demand workspaces that can be reserved by Vaultra clients, this six-storey, climate-controlled building features full Wi-Fi service, 24-hour access, IP cameras with motion sensors, and dual indoor drive through. Italso incorporates a number of flexible, smart workspaces from an individual SmartDesk to a full-equipped, 12-person SmartBoardroom and is conveniently situated close to the TransCanada Highway (401) and other transportation infrastructure in the GTA.
Shawn Shanmuganathan, Vaultra co-founder and partner noted that the Fairbank facility has been designed to provide a seamless and secure extension of Vaultra clients’ homes or businesses. The demand has increased sharply, he said, as more people are working from home and are in need of extra space to do that on a sustained basis. For those with children who are attending online classes, maximizing space is a prime consideration.
Furthermore, Shawn added: “Since COVID-19, businesses have really ramped up their e-commerce capacity. The migration away from a bricks-and-mortar presence has created strong new storage demand. There’s also been a corresponding revision of supply chains and businesses are using storage more strategically in the short- and long-term.”