GIC, Brookfield complete privatisation of ASX-listed National Storage REIT

Jovi Ho05-08

The transaction is the largest-ever privatisation deal of a real estate firm listed on the Australian Stock Exchange.GIC and Brookfield have completed their acquisition of National Storage REIT (NSR),...

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Our existing joint venture with NSR has performed well, and we look forward to working with Brookfield and the NSR team to support the company’s next phase of development.”\nKishore Gotety, head of Asia (ex China), real estate, GIC, adds: “We have been investing in Australia’s self-storage sector for a few years, having identified it as a resilient sector with significant opportunity for industry consolidation. It will also continue to benefit from the rising demand for living and storage space. We believe that NSR’s strong brand, integrated operating model, and extensive network will position it well to capitalise on this.”\nLowell Baron, CEO, real estate, Brookfield, says: “National Storage is a high-quality, scaled platform operating in a sector supported by compelling structural tailwinds, where we bring deep global experience to drive local growth. We are pleased to complete this transaction alongside GIC and look forward to partnering with the NSR team to accelerate growth, enhance the customer offering, and expand the platform across Australia and New Zealand.”\nAnkur Gupta, head of Asia Pacific and Middle East, real estate, Brookfield, adds: “National Storage represents the type of market-leading growth platforms we look to invest in across Asia Pacific and where we can drive operational enhancement and accelerate growth. With the addition of NSR to our portfolio, Brookfield’s Australian business now has significant platforms across storage, living, hospitality, logistics and office.”\nNational Storage started out with just one storage site in 1995 in Oxley, Queensland. NSR listed on the ASX in December 2013.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2634466812","isCrawlerRequest":true}