Overview
- The offer values National Storage at about A$4 billion, paying A$2.86 per share in cash at roughly a 26% premium to its pre-deal-flag price.
- The National Storage board unanimously recommended that shareholders vote in favor of the transaction.
- The acquisition remains contingent on regulatory clearances and other customary conditions, with closing expected in Q2 2026.
- National Storage operates more than 270 centers across Australia and New Zealand and is the country’s largest self‑storage provider.
- Brookfield and GIC cited deep storage-asset expertise as their rationale, and analysts say a successful deal could help re-energize Australia’s subdued 2025 M&A landscape after several high-profile talks fell through.