You are here

CapitaLand sells self-storage business StorHub for S$179.5m

According to CapitaLand, the transaction is based on an agreed value of S$185 million for StorHub's portfolio of 12 self-storage properties - 11 in Singapore and one in Shanghai. They have a total lettable area of about 800,000 square feet.


CAPITALAND has sold a group of companies that own and manage its self-storage business, StorHub, for an aggregate S$179.5 million to an unrelated and undisclosed buyer.

Of the total aggregate, S$167.5 million is in outstanding shareholder loans owed by the group of...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to