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CapitaLand Investment’s self-storage platform expands in Japan through strategic partnership Singapore News

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, this collaboration will significantly enhance ESA’s footprint in the Japanese market, particularly in Osaka and Tokyo, two of the largestAs part of the partnership, ESA has successfully acquired fou

r self-storage facilities in Osaka from Ambitious, with plans to expand further by adding two additional facilities in Tokyo by early 2025.

Ambitious operates under the “Syuno-Pit” brand, managing 681 self-storage facilities across 126 cities and districts in Japan, making it a dominant player in the local market. The move comes at a time when demand for self-storage is on the rise in Japan. Factors such as increasing affluence, moreESA’s existing portfolio in Japan enjoys strong demand, with facilities operating at an impressive average occupancy rate of 92%.

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CapitaLand Investment's Self-Storage Platform Partners with Japan's Largest Self-Storage ManagerCapitaLand Investment's (CLI) self-storage platform, Extra Space Asia (ESA), has formed a strategic partnership with Ambitious Co. Ltd. (Ambitious), the leading self-storage manager in Japan. ESA aims to expand its presence in Japan's largest self-storage markets, Osaka and Tokyo, with plans to acquire more facilities.
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