The Business Times

self-storage

Companies & Markets

GIC, Brookfield buy Australia-listed National Storage Reit for A$4 billion

Singapore sovereign fund and the global alternative asset manager will pay A$2.86 per unit in cash

Extra Space Asia will build its flagship Singapore facility (pictured) on a site in Kaki Bukit by 2028.
Companies & Markets

CLI’s self-storage unit invests close to S$100 million in Singapore flagship project, 3 Tokyo facilities

When completed, the local facility will expand ESA’s portfolio in the Republic to 13 properties with more than 1.5 million sq ft of gross floor area

An artist's impression of StorHub's first storage facility in Australia, located in Sydney's Rouse Hill suburb.
Property

StorHub pumps US$300 million into Australian expansion plan, snaps up 5 assets

SINGAPORE-BASED self-storage operator StorHub is moving in on the Australian market, with the launch of StorHub Australia, backed by a US$300 million equity commitment.

Hong Kong’s economic growth accelerates in the third quarter with GDP increasing 4.1 per cent in real terms from a year earlier.
International

Hong Kong economy grows slower than expected as recovery cools

HONG Kong’s economy grew less than expected in the third quarter of this year, suggesting the Asian financial hub’s post-pandemic boost may be fading.

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