Brookfield and GIC complete record A$6.7 billion take-private of National Storage REIT
8 May 2026
Brookfield and GIC have completed their acquisition of National Storage REIT, Australia and New Zealand's largest self-storage owner-operator, in the largest-ever take-private of an ASX-listed real estate investment trust at an enterprise value of approximately A$6.7 billion. Securityholders received an all-cash consideration of A$2.86 per unit, and the deal deepens an existing joint venture GIC had already built with the company.
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