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Extra Space Asia Plans to Open Additional Self-Storage Facilities in Malaysia


Self-storage operator Extra Space Asia plans to open another Extra Space Self Storage facility in Malaysia before the end of the year and two to three additional facilities over the next few years, according to an interview CEO Michael Hagbeck gave to the Business Times this week.

"We are looking at several locations (within the country)," Hagbeck told the source. "Most likely, the second facility will be located in Petaling Jaya. Penang and Johor Baru are also another options we are considering."

The current facility at Jalan Chan Sow Lin in Kuala Lumpur opened earlier this year. The company invested 22 million Malaysian ringgits (about $7 million) to acquire the land and spent another 5 million Malaysian ringgits (about $1.6 million) in renovation. This facility is in the process of adding wine storage.

Extra Space Asia also has presence in Korea and Singapore.


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