Since 2019, StorHub has achieved 16-fold growth in properties, 14-fold growth in asset value, 10-fold growth in net lettable area and eightfold growth in its customer base.
LHN Group’s self-storage subsidiary Work+Store — the focus of City & Country’s cover story this week — is muscling into a competitive market in Singapore backed by investors with deep pockets. Even with seven facilities islandwide, totalling some 295,000 sq ft of net lettable area, Work+Store is not the largest brand here.
By number of facilities, that title belongs to StorHub, which has 18 locations across the island. Warburg Pincus acquired StorHub from CapitaLand in 2019 for some $179.5 million, marking the formation of its Asia-Pacific self-storage platform. StorHub is the region’s largest multi-country self-storage owner and operator. The company currently owns and manages over 7.2 million sq ft of gross floor area, and is present in Beijing, Shanghai, Shenzhen and Hangzhou in mainland China; as well as Hong Kong, Japan, South Korea, Malaysia and Australia.
