Self-storage operators lift industrial investment in October
Amongst these operators is Storhub.
Industrial investment sentiment slightly rose in October thanks to self-storage operators, said JLL.
Amongst self-storage operators that invested in more industrial space in October include Storefriendly, which acquired Novel Industrial Building in Cheung Sha Wan for $850m ($5,667 per sq ft. Gross Floor Area [GFA]).
Another operator was Storhub which added another basket of units in the Precious Industrial Building in Cheung Sha Wan for $98m (5,102 per sq ft, GFA).
"The operator/investor now owns a 75% stake in the industrial building," JLL reported.
Meanwhile, 996,185 sq ft GFA was also added to the market after Goodman Westlink in Tuen Mun received its occupation permit in Aug 2022.