What's in store for Lock+Store

THE self-storage industry, fresh from a round of consolidation last year, is likely to face another round in the coming years. But that is not stopping Lock+Store from ramping up its expansion plans.

There are currently four Lock+Store facilities in Singapore; the self-storage solutions provider says this will double to eight in the near term, even as it rolls out its first overseas facility in Temasya Industrial Park, Glenmarie, in Selangor.

Expected to be fully operational by September, the mixed-use office and warehouse complex in Malaysia will comprise about 200 self-storage units of varying sizes, ranging from nine square feet to 200 square feet. Charges are about RM6 (S$2.30) per square foot (psf) and customers will be able to choose between non-air-conditioned, air-conditioned, and wine storage units.