CapitaLand Investment Limited (CLI), announced that its self-storage platform, Extra Space Asia (ESA) has formed a strategic partnership with Ambitious Co. Ltd., one of the largest indoor self-storage managers in Japan.
Ambitious’ self-storage business, Syuno-Pit, operates 681 self-storage facilities across 126 cities and districts in Japan.
ESA is set to expand its portfolio in CLI’s focus market of Japan by leveraging Ambitious’ strong track record and on-the-ground expertise to source, develop and manage self-storage facilities in Osaka and Tokyo. These two regions are the largest markets for self-storage in Japan and where Syuno-Pit has the largest presence. Kickstarting this partnership, ESA has acquired four self-storage facilities in Osaka from Ambitious, with plans to add another two facilities in Tokyo by early 2025. ESA has a right of first refusal to acquire future assets to be developed by Ambitious.
Together with Keiyo Logistics Co., ESA’s e
