CapitaLand Investment Limited (9CI) said on Oct, 16 2025 that its self-storage platform, Extra Space Asia, will invest nearly 100 million Singapore dollars in its first build-to-suit flagship facility in Singapore and has completed the purchase of three freehold self-storage properties in Tokyo.

The land parcel at Kaki Bukit Avenue 5 will be developed into a 185,000-square-foot building slated for completion by 2028. The project is expected to be the first self-storage facility in Singapore to attain Green Mark Super Low Energy certification, extending Extra Space Asia’s local portfolio to 13 properties with more than 1.5 million square feet of gross floor area.

Extra Space Asia said the facility will offer ambient and wine storage options and serve as a test bed for Internet of Things features and a virtual analytics security system.

In Japan, the platform bought three operating facilities in Tokyo’s 23 Wards, bringing its holdings in the city to 13 assets and its nationwide total to 17, covering more than 60,000 square feet of gross floor area.

Since CapitaLand Investment and APG Asset Management acquired Extra Space Asia in 2022, the partners have deployed more than 500 million Singapore dollars in equity, expanding the portfolio from about 70 to over 100 facilities totaling 3 million square feet across seven markets.

Extra Space Asia aims to grow its portfolio to 2 billion Singapore dollars by 2028 and currently reports average occupancy of above 90%.

The company said 100% of its owned properties are EDGE-certified, with over 90% meeting EDGE Advanced standards, and it ranked third globally among unlisted self-storage peers in the 2025 GRESB Real Estate Assessment.