CapitaLand Investment commits $100m to ESA flagship in Singapore

The building will target Green Mark Super Low Energy certification and include ambient and wine storage options.

CapitaLand Investment (CLI) announced that its self-storage platform, Extra Space Asia (ESA), will invest approximately $100m in its first build-to-suit flagship facility in Singapore and acquisitions of three freehold properties in Tokyo.

The upcoming flagship facility will be located at Kaki Bukit Avenue 5, spanning 185,000 square feet. It is the first JTC industrial Government Land Sales (GLS) site awarded specifically for self-storage use and is expected to be completed by 2028.

The building will target Green Mark Super Low Energy certification and include ambient and wine storage options, as well as security systems featuring Internet of Things (IoT) technology and virtual analytics.

On the sustainability front, CLI stated that 100% of ESA-owned properties are IFC EDGE-certified, with over 90% qualifying at the EDGE Advanced level.

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