LHN taps trends in e-commerce and sharing economy
Its strategy of revamping unused, under-utilised spaces to suit emerging industry trends has proven valuable during the pandemic.
Singapore
LHN Group's strategy of revamping unused and under-utilised spaces to suit emerging industry trends has proven valuable, after the pandemic triggered a rush towards e-commerce and bumped up demand for its co-living spaces.
Five years ago, the company did a strategic review of its business and began shifting away from traditional self-storage - typically catering to those storing personal items - to target merchants operating online instead. It came as Singapore's government was increasingly pushing for e-commerce to take off.
Today, the group operates ni…
A NEWSLETTER FOR YOU
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Malaysia to build region’s largest chip design park in bid for top startup-hub status
British retailer JD Sports to buy US rival Hibbett for US$1.08 billion
Japan’s 7-Eleven convenience chain targets aggressive global growth
Renault Q1 sales rise 1.8%, helped by financing business
UBS lifts Chinese stocks to overweight in rare upgrade call
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show