#self-storage #Japan #Tokyo #Palma Corporation #StorHub

Palma Corporation and StorHub Partnership

In a significant move to enhance self-storage operations in Japan, Palma Corporation has announced a strategic partnership with the StorHub Group, a prominent self-storage platform in the Asia-Pacific region. This partnership aims to lay the foundation for expanding self-storage facilities across Japan, reflecting a growing demand fueled by changing lifestyles and housing conditions.

Background of the Agreement

The self-storage sector has witnessed consistent growth, both domestically and internationally, due to evolving lifestyle trends and the increasing need for space solutions. Palma Corporation, well-established as a leading player in the self-storage industry, offers a comprehensive range of services that include property management, rental guarantees, leasing, and development.

Meanwhile, StorHub is recognized as a global entity in the self-storage market, with operations in several regions including Japan. The company is making considerable investments aimed at establishing a more substantial presence in the Japanese market. The partnership is designed to unify the strengths of both firms, enabling a continuous development and acquisition strategy for self-storage properties within Japan.

Overview of the Partnership Agreement

The core objectives of the agreement stipulate that Palma Corporation will lead the sourcing and development of self-storage projects in Japan. Concurrently, StorHub will consider acquiring a steady stream of projects through a robust pipeline created by the partnership. The details of the collaboration include:

• - Land Acquisition and Development: Palma will undertake the acquisition of land suitable for self-storage facilities and oversee the development process.
• - Sourcing Existing Facilities: The partnership will allow for the identification and introduction of existing self-storage facilities in Japan.
• - Ongoing Acquisition Consideration: StorHub will continuously evaluate potential acquisitions presented by Palma.
• - Future Opportunities: Palma may also take on management and brokerage services for trunk room-related businesses in the future.

This comprehensive collaboration will cover the entire spectrum of property development, acquisition, management, and exit strategies for self-storage facilities.

Future Developments

With their established experience and extensive network within the self-storage sector, Palma Corporation aims to consistently present investment opportunities to StorHub. This partnership is set to accelerate the supply of self-storage units in Japan, thereby supporting the overall growth of the sector. Through integrated support for development, acquisition, management, and sales of self-storage facilities, Palma and StorHub aspire to contribute significantly to the evolution of the self-storage market in Japan.

About Palma Corporation

Founded in January 2006, Palma Corporation specializes in self-storage solutions and is committed to providing a one-stop service for the self-storage industry. Their offerings include:

• - Development and sale of self-storage facilities
• - Management and operational support services
• - Rental guarantees and debt management (with over 140,000 accounts managed)
• - Consulting services

Palma's proprietary brand, Keypit, boasts the development and sale of approximately 60 indoor self-storage facilities. The company actively collaborates with a variety of partners, including Japan Post and Mitsubishi Estate, to further expand its influence in the self-storage market.

Company Overview

• - Name: Palma Corporation
• - CEO: Junichi Kimura
• - Location: 4-5-20 Kojimachi, Chiyoda, Tokyo
• - Founded: January 2006
• - Capital: 600 million yen (as of March 2026)
• - Stock Exchange: Tokyo Standard Market, Nagoya Main Market
• - Stock Code: 3461
• - Employees: 43 (excluding temporary staff as of March 2026)
• - Website: palma.jp

About StorHub

StorHub stands as a leader in self-storage across the Asia-Pacific, managing over 7.2 million square feet in gross floor area across more than 180 properties and operating over 80,000 self-storage units. This impressive footprint spans seven key markets, including Australia, Hong Kong, Japan, China, Malaysia, Singapore, and South Korea. StorHub is known for its secure, reliable storage solutions designed for both home and business customers, driven by innovation, digital advancements, and sustainability initiatives.

• - Website: storhub.com
• - CEO: Raju Ruparelia
• - Headquarters: Singapore
• - Founded: 2019