CapitaLand Investment's (SGX:9CI) self-storage platform, Extra Space Asia (ESA), will invest around SG$100 million in its first build-to-suit flagship development in Singapore and to acquire three self-storage facilities in Tokyo, Japan.

The company recently acquired a land parcel at Kaki Bukit Avenue 5 in Singapore to develop a 185,000-square feet facility, which is set to become Singapore's first self-storage to achieve "Green Mark Super Low Energy Building" certification, the filing said.

The facility is scheduled for completion in 2028.

The Japanese facilities it has acquired in Tokyo's 23 Wards have an area of 60,000 square feet, and the acquisition will take the total Japanese portfolio to 17 facilities.