SINGAPORE (18th December 2019) – Extra Space Asia, a pioneer in the self-storage industry in Asia, celebrated a milestone by opening its 10th facility in Singapore this week. The new facility is strategically located at Toa Payoh, and is easily accessible via public transport. Extra Space Toa Payoh spans over 50,000sqft with 6 floors, and has a variety of storage types available for personal, business and even wine storage.

Based on data from Urban Redevelopment Authority (URA), as home prices in Singapore hit a record high over the past 5 years, where the private residential property index increased by 0.9 per cent to 152.2 points in the third quarter of 2019, living spaces are fast becoming an increasingly sought-after luxury for many.

Serving the growing demand for Self-Storage

To that end, the self-storage pioneer seized the timely opportunity to acquire its fellow competitor, Store 11 Self Storage. The continual expansion has always been part of the strategic plan to meet the increasing demand for storage space.

“Extra Space Asia is delighted and honored to launch its 10th facility in Singapore. We are determined to ensure that our customers are living life the way it should be, free of the stress that is brought upon by clutter and the lack of space,” said Extra Space Asia’s CEO, Mr. Kenneth Worsdale. “With our state-of-the-art security systems in place, we hope to give our customers peace of mind knowing that their belongings are safe with us.”

As more companies are springing up in the self-storage industry, Extra Space Asia aims to stand out by emphasizing on the element of human touch. “We take great pride in ensuring that all our customers enjoy a seamless storage experience,” said Mr. Worsdale.

With continuous expansions in sight, Extra Space Asia shows no signs of slowing down in deepening its footprint in the region. Plans are underway to launch Extra Space Asia’s 4th facility in Malaysia in 2020, amongst ongoing developments in South Korea, Taiwan, Hong Kong and Japan.

Extra Space Toa Payoh is located at 11, Block D Lor 3 Toa Payoh, #01-42, 319579.

About Extra Space Asia

Extra Space Asia is Asia’s leading self-storage provider offering self-storage facilities and services to individuals, families, and businesses in densely populated Asian cities facing space constraints. Extra Space Asia operates 45 facilities across Singapore, Malaysia, South Korea, Taiwan, Hong Kong and Japan, encompassing over 1.5 million square feet of space. For more information, visit Extra Space Asia at https://www.extraspaceasia.com.sg/

JAPAN (1st June 2019) – Extra Space Asia, which entered into a strategic venture with Keiyo Logistics in September 2018, has opened their 3rd self-storage facility in Azamino, Japan.

The new facility, which houses 136 storage units, is fully air-conditioned and equipped with 24/7 state-of-the-art security systems.

Extra Space Asia envisions that with this newly added facility, they will effectively meet the growing need of self-storage spaces, better serving the residents of Azamino and its surrounding districts.

“We are pleased to expand our presence in Azamino and aim to consistently offer more superior storage options to customers,” said Mr. Kenneth Worsdale, Chief Executive Officer of Extra Space Asia. “To that end, we will continue to work closely with Keiyo Logistics to provide top-notch customer service, together with excellent storage offerings.”

About Extra Space Asia

Extra Space Asia is Asia’s leading self-storage provider, offering self-storage facilities and services to individuals, families, and businesses in densely populated cities with space constraints. Led by Chief Executive Officer Mr. Kenneth Worsdale, Extra Space Asia is a privately owned business, headquartered in Singapore and operating all over Asia.

For more information, visit Extra Space Asia at www.extraspaceasia.com.

Singapore, 17 September 2018 – Extra Space Asia has entered into a strategic venture with Keiyo Logistics to significantly expand the footprint of self-storage facilities in Japan. Extra Space Asia has committed to invest in self-storage facilities throughout Japan, and to work closely with Keiyo Logistics to become a dominant operator in Japan. Keiyo Logistics currently operates in excess of 75 facilities with over 6500 customers in Japan, primarily concentrated in Tokyo, under the brand “Private Box”. Facilities owned by Extra Space Asia will be managed by Keiyo Logistics under the brand “Private Box by Extra Space”. A leading pioneer of self-storage solutions in the Asia region, Extra Space Asia operates 33 facilities with over 12,000 customers across 5 countries (Singapore, Malaysia, Taiwan, Hong Kong and Korea) and is the largest self storage operator in the Asia region. The strategic venture between two of Asia’s leading self storage operators will allow them to grow market share in a rapidly expanding industry.

 

Picture Above-
Private Box Totsuka-Cho storage facility, owned by Extra Space Asia, located at Yokohama.


Although Japan’s self-storage revenues are amongst the top 5 in the world, the market saturation is still very low, primarily due to a lack of awareness and knowledge about the self storage industry and options for storage. As this awareness grows, and together with the growing affluence of the population, changing lifestyles and business practices, the self storage industry is expected to significantly expand over the next few years.

Extra Space Asia will be the first non-Japanese owned self storage company to operate in the Japanese market.

“We are excited to take this leap into Japan’s thriving self storage industry – an industry that is expected to expand at a faster rate in Japan than any other country in Asia. We look forward to working closely with our partner to bring a greater number of locations to the industry and provide easier access for our customers,” said Mr. Kenneth Worsdale, Chief Executive Officer of Extra Space Asia. “We will work closely with our partner to offer more storage options and options of superior quality”.

“The opportunity to work with Extra Space Asia, and further grow the industry in Japan, is very good news for the Private Box brand,” said Takahide Watanabe, Chief Operating Officer of Keiyo Logistics. “Our combined strengths will allow us to expand rapidly and become a leader of the industry in Japan”.

 

Picture Above-
Left: Mr Kenneth C. Worsdale, Chief Executive officer of Extra Space Asia. Right: Mr Takahide Watanabe, Chief Operating Officer of Keiyo Logistics. 


About Extra Space Asia

Extra Space Asia is Asia’s leading self-storage provider in the region, offering self-storage facilities and services to individuals, families, and businesses in densely populated cities with space constraints. Led by Chief Executive Officer Mr. Kenneth Worsdale, Extra Space Asia is a privately owned business, headquartered in Singapore and operating all over Asia.

For more information, visit Extra Space Asia at www.extraspaceasia.com.