Letou nhà cái đánh giá

ACE is Proud to Celebrate the First Anniversary of its Investment in Storefriendly Singapore – ACE & Company

ACE is Proud to Celebrate the First Anniversary of its Investment in Storefriendly Singapore – ACE & Company

ACE is Proud to Celebrate the First Anniversary of its Investment in Storefriendly Singapore.
March 4, 2020.
ACE is proud to celebrate the first anniversary of its investment in Storefriendly Singapore.
The investment into the largest Asian self storage operator has allowed the Company to expand beyond the landmark Storefriendly Centre to eight other locations in Singapore, further penetrating the underserved self-storage market in Asia.
Established in 2002, Storefriendly is one of the most recognized brands in the self storage space.

With over 130 branches and 40,000 self storage units across Hong Kong

Singapore, Macau, Shanghai, and Taiwan.
Having expanded through a successful model by combining asset acquisitions and franchising.

The Company has demonstrated a strong and consistent track record of space management

value creation and asset management.

Together with ACE’s expertise in private equity and its extensive network in Asia

the investment represents a close partnership that could provide long-term benefits to both Storefriendly and ACE.

Self storage has been a successful business in the US and Europe for the past two decades

with attractive cash flow dynamics as customers pay for leases upfront and often stick with their contracts.
Furthermore, operating costs and capital expenditure are minimal which results in high operating margins and cash yields.
Although Asia is still lacking behind developed markets, the region presents the ideal demographics for exponential growth.
In particular, business hubs such as Hong Kong and Singapore have high population density but the smallest home sizes in Asia with averages of 640 sqft and 730 sqft, respectively.
Over 75% residential units do not have storage space.
Supply is fragmented with numerous standalone facilities that are run by “mom-and-pop” operators with variable service standards.
This presents tremendous opportunity for professional operators like Storefriendly to build a sizeable platform leveraging its operational know-how and strong track record.
Since ACE’s investment, Storefriendly has pioneered the industry leading self-storage experience “StorefriendlyGO”, powered by pallet-like robots that retrieve cabinet-style units on command and deliver directly to visiting customers via their mobile devices.
The robot-enabled units are kept in an air-conditioned, no-man zones which maximize floor efficiencies.
Such setup provides customers with a safer, faster and modern storage solution.
Moreover, the Company now also offers flexible office spaces and storage solutions tailored for business users under the “Workfriendly” brand.

ACE believes its partnership with Storefriendly will allow it to create a unique

sizeable platform to capture an industry that is only going to keep growing, underpinned by the population density, sky-high property price, small living spaces and a significant white space.
“Storefriendly is leading the industry with an impressive track record and is constantly reinventing itself with cutting-edge technology.
We are excited to join hands to create Asia’s largest self storage platform and support their goal of improving the living and working environments in Asia”.
Arthur Law, Portfolio Manager at ACE & Company The Storefriendly Singapore transaction was led by Arthur Law and Derrick Luo at ACE & Company.
| Terms and conditions This website contains information on investment funds issued by ACE & Company (“ACE”) which have been approved for sale in Switzerland.
Access to the information contained herein may be limited by certain laws and regulations and is intended for information purposes only.
This information constitutes neither an offer to sell nor an offer to buy to any person who is not allowed to access the website of ACE under the laws of their place or country of residence or domicile; for the avoidance of any doubts, we suggest to consult a financial advisor.
Such persons are prohibited from accessing this website.
All information contained in this website has been prepared by ACE on the basis of publicly available information, internally developed data and other sources believed to be reliable.
It is for general informational purposes only and should not be construed as an individualized recommendation or personalized investment, tax or legal advice.
The information is subject to change without notice.
Reasonable care has been taken to ensure that the materials are accurate and that the opinions stated are fair and reasonable.
All opinions and estimates constitute our judgment as of the date of publication of the website and do not constitute general or specific investment advice.
Neither ACE nor any of its contracting partners can offer any assurance or guarantee that the information published on this website is correct, up to date, accurate or complete.
In particular, the historical performance of the funds and/or investment targets and prospective targets is no guarantee of future returns.
The information on these internet pages does not constitute an investment recommendation.
Under no circumstances shall ACE be liable for any losses or direct or indirect damage suffered as a result of this information.
Investment opportunities contain risks that could include the loss of the invested capital.
If you are unsure or have any questions, please contact a financial advisor.
Investments in the ACE funds described herein should only be made after a thorough examination of the current sales prospectus.
The sales prospectuses containing the basic legal information and the annual and semi-annual reports are available upon request.
They may neither be sold, offered or distributed within these countries.
The entire content of the website are protected by copyright law (all rights reserved).
This website may not be used or reproduced for any public or commercial purpose without the prior written consent of ACE.
This website is not intended for distribution to, or use by, any person or entity in any country or jurisdiction where such distribution or use would be contrary to applicable local laws or regulations or would subject ACE & Company to any registration requirement within such country or jurisdiction.
Persons or entities in respect of whom such prohibitions apply must not use this publication.
This website is not intended for distribution in the U.
S.
or to U.
S.
persons.
If the use of this website leads to a legal relationship between the user and ACE & Company SA, this relationship shall be subject to and construed in accordance with Swiss law.
I agree to the terms and conditions.