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Finance

Self-storage facilities the new high-yield investment

Unlike apartments, warehouses need little investment, upkeep or sunshine

Self-storage is often used when families move from large houses in the suburb to smaller condos in central Tokyo.

TOKYO -- Yield-hungry investors have set their sights on self-storage facilities for better returns in Japan, as investments in rental and commercial properties have lost their sheen due to mushrooming acquisition costs.

Several months ago, an overseas investor approached Shigehisa Takano, CEO of Palma, a Japanese developer and operator of such facilities, offering him a bundle of money.

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