InfraRed NF provided an update on its investment in RedBox Storage Ltd in Hong Kong while luxury online fashion marketplace BlinQ has introduced two new services.
Hong Kong’s Infrared NF Continues To Grow Self-Storage Investment
InfraRed NF, the leading Greater China real estate investment manager, is pleased to provide an update on its investment in RedBox Storage Limited, a premium self-storage provider in Hong Kong.
In an announcement, the firm said it acquired a 90 per cent stake in RedBox in April 2018. Since then total capital of USD$106 million has been invested, as RedBox has made a number of subsequent acquisitions in both direct property and competitor consolidation to become the third largest operator in Hong Kong, with more than 10 per cent market share.
In September 2019, RedBox completed the acquisition of MiniBox Storage, adding 103,000 sf and 1,077 customers to the platform. The MBS sites, in Eastern and Kwun Tong are highly complementary to the existing portfolio.
Read full story here: Hong Kong’s Infrared NF Continues To Grow Self-Storage Investment
Online Fashion Markeplace BlinQ Launches Asean Houz
Luxury online fashion marketplace BlinQ has launched two new services on top of its ready-to-wear segment, just in time for the holiday season – consignment service for pre-loved luxury items and Asean Houz, a section that showcases the products of up-and-coming high-end fashion designers from around the Southeast Asian region.
In a statement, the high-end fashion startup said it now has over 20,000 customers joining the platform every month and over 1,000 luxury brands included in the platform, including Hermès, Calvin Klein, Burberry and Balenciaga.
“Retail is changing around the world and pre-loved is becoming one of the fastest-growing segments of the luxury fashion industry. Pre-loved continues to be a popular and growing segment amongst Southeast Asian shoppers however the industry is quite fragmented,” said BlinQ founder and CEO Bob Chua.
Read full story here: Online Fashion Markeplace BlinQ Launches Asean Houz