July 9, 2012 9:55 PM
The self storage industry is so strong in the United States that many companies are looking for ways to specialize their service in order to stand out from the crowd. In Canada the self storage industry is not that crowded yet (roughly 3000), but that hasn’t stopped some of them from trying to stand out already. [More]
December 23, 2010 7:48 AM
Tis the season to be jolly. And to many people that means Christmas with a good bottle of wine nearby. The key word here is “good” wine. When it comes to cultivating the very best wines, proper storage is essential. There are many factors that go into storing wine properly and many questions to ask storage facilities when considering wine storage. One storage facility who has figured out the art of wine storage is Wine Storage Bellevue, which has just been named “Specialty Storage Facility of the Year” by Mini-Storage Messenger, a prestigious monthly publication for the self storage industry. [More]
December 14, 2010 12:04 PM
In Portland, Ore., an investor who paid nearly $4 million for property to be used as a storage facility for wine, has raised some eyebrows due to the building’s poor condition. But the developer is confident in the beauty of the building and of success to come.
In Portland, Ore., an investor who paid nearly $4 million for property to be used as a storage facility for wine, has raised some eyebrows due to the building’s poor condition. But the developer is confident in the beauty of the building and of success to come. [More]
January 11, 2010 9:48 AM
People who have been using self-storage as a place to keep their ever-increasing collections of coins, stamps, or wine may find that their investment has paid off. If they wish to, they may be able to find buyers for those collections--in India. The Economic Times of India reports that in India, as in the West, the gap between rich and poor has been increasing in recent years. Although India has a reputation for being one of the poorest countries in the world, it also boasts more than 50 billionaires. Furthermore, at the moment, collections are very fashionable among wealthy Indian businesspeople.
The market for rare object collections in India is currently relatively unorganized, according to Economic Times reporter Aman Dhall. One Indian auction house, Todywalla, is known to specialize in coins and banknotes. "They deal only in high-end coins. They have a catalogue beyond which they don't fish," says Hrishi Modi, a director at ASK Private Wealth Advisors. Modi collects rare coins and stamps himself. Like many collectors, Modi began his hobby as a child, when his father brought back coins and stamps from trips abroad. Now his collection includes gold coins from the Kushan Dynasty, silver dollars from Calcutta, Iran Persia stamps from 1897 and Nazi era coins. [More]
December 21, 2009 10:11 AM
....Invista has received a $42.7 million investment from an American institutional investor, which it plans to invest in Big Orange. The new investment in Big Orange shows investor confidence in the Asian self storage market, which is beginning to heat up....Big Orange was established in 2006 to focus on the Asian self storage market. Many self storage investors are finding the Singapore market to be robust. In November, Hersing Corporation of Singapore, which owns the first self storage facility to open in Singapore (StorHub), reported that its 2009 third quarter profits were quadrupled over its profits from the third quarter of 2008. Not all of Hersing's profits came from StorHub -- many came from the Asia-Pacific branch of ERA Real Estate, which saw a 58 percent revenue increase during the same period -- but Hersing noted that the StorHub Self Storage business had proven to be very recession-resilient....
In Singapore, the demand for self storage is in large part driven by the demand for specialty storage such as wine cellars.... [More]