This marks the first industrial government land sale awarded by the Jurong Town Corporation (JTC) for self-storage use.
CapitaLand Investment-managed (CLI) self-storage platform Extra Space Asia (ESA) is investing nearly $100 million in its first build-to-suit flagship development in Singapore and acquiring three freehold self-storage facilities in Tokyo, Japan.
According to CLI, ESA has acquired a land parcel at Kaki Bukit Avenue 5 to develop a 185,000 sq ft facility — Singapore’s first self-storage facility set to achieve Green Mark Super Low Energy Building certification from the Building and Construction Authority (BCA).
