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National Storage REIT and GIC Commit $228M to Expand Self-Storage Portfolio
10:01am on Wednesday 4th of June, 2025 AEST
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Real Estate
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National Storage REIT and GIC Commit $228M to Expand Self-Storage Portfolio
10:01am on Wednesday 4th of June, 2025 AEST
Key Points
Second tranche involves six new self-storage assets
Total capital deployment of approximately $228 million
NSR to receive around $140 million in net sale proceeds for debt repayment
NSR maintains 25% equity stake and management role in the Fund
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National Storage REIT (ASX:NSR)
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