We've used a similar corner shelving unit to create space in a small 7 by 9 ft room. It's a great, easy shelving solution for small spaces (although installing it was a bit tricky as the walls weren't plumb.
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Close yourself in the book cave. The Cave Bookshelf is designed by Sakura Adachi. This bookself provides a reading place or ''cave''. perfect cubby hole to hide in with a good book. Books can be stored on both sides.