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APAC'S LEADING SELF STORAGE PLATFORM

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CITIES IN 7 COUNTRIES

SQ. FT. OF GFA

Million+

SELF STORAGE UNITS

Our Presence

OUR PLANET, OUR COMMITMENT

StorHub's environmental management approach emphasises adopting clean and energy-efficient solutions. We take pride in being consistent in our sustainability efforts through utilising green technologies and reducing waste generation. Our partnerships with communities and local leaders enable us to leave a positive impact on our environment. 

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Environmental

Corporate Social Responsibility (CSR) is intrinsic to StorHub's commitment to give back to our communities through offering our greatest resources- space and our people- to make CSR an integral part of our values and initiatives.

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Social

Our corporate governance principles govern how we do business every day, and we remain resolute in winning business through fair competition within the global marketplace. Transparency and accountability are deeply embedded at every level of our company. Our business is conducted in an honest and ethical manner, and we do not condone any occurrence of bribery and corruption over the course of our business operations.

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Governance

ESG Overview

“As the leader of the self storage industry in Asia Pacific, we take immense pride in spearheading the sustainability-driven movement within our industry. We believe that prioritising sustainability will ultimately create value to our customers, investors, partners, and communities.”- Mike Hagbeck, Group CEO

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KEEP THE THINGS YOU LOVE IN SAFE HANDS

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NEWS & EVENTS

- StorHub’s sustainability-linked loan (SLL) amounting to SGD180 million is the first of its kind in the self storage sector in Asia
- StorHub’s sustainability efforts received strong recognition and support from CIMB and UOB
- StorHub is at the forefront of integrating ESG principles across its facilities in Asia


Singapore, September 25, 2023 – StorHub Self Storage Group (StorHub), Asia’s leading self storage platform, announced that it has secured a SGD180 million sustainability-linked loan (SLL) from CIMB and UOB. The SLL, which is the first in Asia’s self storage industry, positions StorHub as a pioneer in the industry and testifies its commitment to long-term sustainability.


The loan features a sustainability-linked margin adjustment tied to two Key Performance Indicators (KPIs) of the environmental performance of StorHub’s 13 properties in Singapore.


StorHub, founded in 2003 in Singapore, is a pioneer in Asia’s self storage industry. While StorHub initially focused on building a market leading presence in the Singapore market, the Company has accelerated its growth over the past four years since Warburg Pincus’ acquisition. Over that period, the Company has acquired and developed approximately 440 stores, becoming Asia’s leading self storage platform with facilities spanning over 6.4 million square feet of GFA and more than 70,000 storage units across Australia, Greater China, Japan, Malaysia, Singapore and South Korea.


Mike Hagbeck, Group CEO of StorHub, said, “As the leader of the self storage industry in Asia, we take immense pride in spearheading the sustainability-driven movement within our industry. This loan exemplifies our steadfast commitment to building a sustainable future and reflects the trust that CIMB and UOB have placed in us to make a positive impact on the environment. We believe that prioritizing sustainability will ultimately create value to our customers, investors, partners, and communities.”


The transaction was led by CIMB and UOB, serving as lenders and joint sustainability advisors and coordinators, with CIMB also acting as agent and security agent.


Mr. Victor Lee, CIMB Singapore CEO, said: “We extend our congratulations to StorHub for successfully securing their inaugural sustainability-linked loan. We take pride in playing an advisory role in its partnership with StorHub, actively contributing to their sustainability endeavours and ESG best practices. Serving as the facility and security agent, we work closely with StorHub to gain insights into their operations and funding requirements, thereby ensuring a seamless procedure. CIMB Singapore strives to pioneer sustainability-driven financial solutions and support our clients and society towards a more sustainable tomorrow.”


Ms. Lim Lay Wah, Group Head of Sector Solutions Group and Global Financial Institutions Group, UOB, said: “We believe that the financial industry has a responsibility to ensure the region’s long-term progress by engaging stakeholders and facilitating their sustainability journey. We are pleased to provide StorHub their first sustainability-linked loan that demonstrates their proactive approach towards embarking on a more sustainable future. UOB is committed to supporting our clients in their ESG endeavours by leveraging our network, solutions and industry expertise.”


StorHub is committed to integrating Environmental, Social, and Governance (ESG) principles into its business operations, investment processes, and stewardship, to promote a sustainable future for its employees, customers, and stakeholders across the region. Many of StorHub’s projects feature solar-powered buildings, LED lighting, AI-enhanced HVAC systems for optimized energy consumption, green roof systems, and electric vehicle charging stations.


#### About StorHub
StorHub is a leading self storage platform in Asia with operations across key gateway cities in the Asia Pacific region. Founded in Singapore in 2003, StorHub currently owns and manages facilities spanning over 6.4 million square feet of GFA and more than 70,000 storage units across key markets in Australia, Greater China, Japan, Malaysia, Singapore and South Korea. StorHub offers individuals and businesses a range of reliable and secure storage solutions to resolve storage challenges at home or work. For more information, please visit https://www.storhub.com.sg and follow us on [Instagram](https://www.instagram.com/storhub_sg/) and [Facebook](https://www.facebook.com/Storhub/).

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StorHub Secures Asia’s First Sustainability-Linked Loan in Self Storage Sector

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