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National Storage REIT has received an unsolicited, non-binding takeover offer from a Brookfield and GIC-led consortium, valuing the company at AUD 4.02 billion (USD 2.61 billion). The proposal offers AUD 2.86 cash per stapled security and grants the consortium exclusive access to due diligence information until 7 December 2025. This move highlights growing investor interest in Australia's self-storage sector. The offer, if executed, could significantly impact the industry, providing a premium to current securityholders while positioning National Storage REIT for potential global investment participation.
Australia's National Storage REIT has confirmed it received an unsolicited, non-binding takeover proposal from a consortium that includes Brookfield Property Group and GIC Investments. The proposal values the self-storage operator at approximately AUD 4.02 billion, equivalent to USD 2.61 billion. Advertisement
Under the terms of the indicative proposal, securityholders of National Storage REIT would receive AUD 2.86 in cash for each stapled security they hold. The company stated that it considers granting the consortium access to due diligence information as being in the best interest of its stakeholders. Exclusivity has been provided to the consortium until 7 December 2025.
This proposal is non-binding and indicative, meaning the transaction is subject to further negotiations, due diligence, and final approvals. Brookfield and GIC have a history of participating in large-scale infrastructure and real estate transactions globally, which adds weight to the consortium's approach. The move comes as private equity and global investors continue to show interest in the Australian self-storage market, which has seen steady growth over the past decade due to increasing demand from both residential and commercial customers.
National Storage REIT operates a wide network of self-storage facilities across Australia and has consistently delivered stable returns to investors. The proposal represents a significant premium on its recent market valuation, reflecting strong investor confidence in the sector. Analysts suggest that if the deal progresses, it could reshape ownership dynamics within the Australian self-storage industry and potentially trigger interest from other global investment groups.
Source Reuters
5th Jun, 2025
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