First self-storage facility opens in Malaysia
March 2012 - Steel Storage Asia and Extra Space Self Storage are happy to announce the opening of the first self-storage facility in Kuala Lumpur, Malaysia.
Steel Storage Asia and Extra Space Self Storage are happy to announce the opening of the first self-storage facility in Kuala Lumpur, Malaysia. The project is a first for both companies in Malaysia, though neither company is new to the self-storage industry. Steel Storage has been building self-storage facilities since 1990 and started doing so in Asia in 2003. Extra Space opened its first self-storage facility in Singapore in 2007 and since then successfully developed 5 facilities in Singapore. In 2010 Steel Storage and Extra Space collaborated on another first when the first self-storage facility in South Korea was opened in Seoul.
As with all of Extra Space’s self-storage projects, Steel Storage was involved from the very beginning. Steel Storage helped find a suitable building in the Chan Sow Lin area of Kuala Lumpur, created the design, manufactured the self-storage units, and oversaw the installation of the storage units and the security system to turn a former warehouse into Malaysia’s first 24/7 self-storage facility.
“The Asian self-storage market is still young when compared to the USA, Australia and the United Kingdom” says, Mike Hagbeck, CEO at Extra Space Self Storage. “The concept of storing personal belongings, documents, supplies or stock outside the home or office - but still have 24 hour access to it - is really taking off in Asia. This is especially the case in countries with a high middleclass population. Taking these facts into account, Kuala Lumpur was a logical choice for expanding our portfolio”, he continues.
Sam Peterson, Managing Director at Steel Storage Asia, said the following about the project: “After 10 successful years serving the growth of the self-storage sector in Singapore and elsewhere in Asia, we are particularly excited about this project as it is a springboard for Extra Space and others to serve the greater Malaysian market”.