{"id":1004142939,"date":"2016-04-27T07:49:05","date_gmt":"2016-04-27T15:49:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004142939"},"modified":"2020-04-07T03:10:38","modified_gmt":"2020-04-07T11:10:38","slug":"spacer-costockage-team-up-to-expand-services-in-asia","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/spacer-costockage-team-up-to-expand-services-in-asia\/","title":{"rendered":"Spacer, Costockage Team Up to Expand Services in Asia"},"content":{"rendered":"

By Adriana Pop, Associate Editor <\/em><\/p>\n

Sydney\u00a0and Paris<\/strong>\u2013Spacer<\/a>, an Australia-based peer-to-peer self-storage marketplace, has partnered with French company Costockage<\/a>, Europe\u2019s largest peer-to-peer storage provider, to enter Asia\u2019s self-storage market<\/a>, which is estimated at about $4 billion.<\/p>\n

\"Mike<\/a>

Mike Rosenbaum, Co-Founder & CEO of Spacer<\/p><\/div>\n

The two companies will pool their operational and marketing resources to launch their services into new markets, including Singapore, Hong Kong and Tokyo, which rank as the first destinations on the expansion list.<\/p>\n

Already popular in Europe, the concept of peer-to-peer storage is gaining ground in Australia. Launched in October 2015, the Spacer platform is similar to sharing websites such as Airbnb and Uber. The startup enables users in need of storage to find available space in their local area from businesses and homeowners. All rental payments are made through Spacer, which collects a 15 percent commission, Inside Self-Storage<\/a> reported. The company, which raised $1.2 million from angel and private investors upon launch, has amassed 5,000 members, with 750 active listings receiving more than 15,000 site visits each month.<\/p>\n

According to Mike Rosenbaum, co-founder & CEO of Spacer, international expansion has always been part of the startup\u2019s growth strategy, especially into the lucrative Asian self-storage market. \u201cOur partnership with Costockage facilitates this by allowing us to draw on each other\u2019s market knowledge, resources and experience to launch into new markets. Together, our goal is to build the world\u2019s dominant peer-to-peer marketplace for space,\u201d Rosenbaum said in prepared remarks.<\/p>\n

Launched in 2013, Costockage provides more than 5,000 listings and more than 76,000 square feet (21 million cubic feet) of storage space in France.<\/p>\n

\u201cAsia holds unlimited potential, with space in major cities like Shanghai, Tokyo and Hong Kong, a luxury that many don\u2019t have, with conveniently located quality self-storage facilities in short supply,\u201d added Adam Levy-Zauberman, CEO of Costockage. \u201cWe look forward to working with Spacer to expand into this market and explore together other growth opportunities for both businesses.\u201d<\/p>\n

Image courtesy of Spacer.com.au<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Australia’s \u201cAirbnb of storage,\u2019\u2019 Spacer, and European firm Costockage will jointly launch their business in Asia\u2019s growing self-storage market.<\/p>\n","protected":false},"author":260,"featured_media":1004142943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,16,21742],"tags":[],"class_list":["post-1004142939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-international","category-latest"],"acf":[],"yoast_head":"\nSpacer, Costockage Team Up to Expand Services in Asia - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/spacer-costockage-team-up-to-expand-services-in-asia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spacer, Costockage Team Up to Expand Services in Asia\" \/>\n<meta property=\"og:description\" content=\"Australia's \u201cAirbnb of storage,\u2019\u2019 Spacer, and European firm Costockage will jointly launch their business in Asia\u2019s growing self-storage market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/spacer-costockage-team-up-to-expand-services-in-asia\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-27T15:49:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-07T11:10:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Mike-Rosenbaum-Co-Founder-CEO-of-Spacer.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/spacer-costockage-team-up-to-expand-services-in-asia\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/spacer-costockage-team-up-to-expand-services-in-asia\/\",\"name\":\"Spacer, Costockage Team Up to Expand Services in Asia - 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