APG, CapitaLand Investment enter JV, to take over SG self-storage operator

APG, CapitaLand Investment enter JV, to take over SG self-storage operator

Dutch pension fund manager APG Asset Management has teamed up with Singapore-listed real estate company CapitaLand Investment (CLI) to acquire self-storage operator Extra Space Asia (ESA) for approximately S$570 million ($405 million) through a joint venture deal, according to a statement.