Extra Space Asia (ESA) has formed a strategic partnership with Ambitious Co. Ltd. (Ambitious), the largest indoor self-storage manager 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. Ltd. (Keiyo Logistics), ESA’s existing partner in Japan operating under the “privatebox by Extra Space” brand, ESA now benefits from the expertise of two established self-storage managers with extensive networks to boost its growth and deliver exceptional storage solutions in Japan.  Leveraging these dual partnerships for expansion, ESA is targeting investments to triple its self-storage portfolio in the country to over JPY12 billion in the near term.