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Brookfield's AU$4 Billion Takeover of National Storage REIT

12/8/2025

31 3 Full Breakdown

Summary

Story summary

National Storage REIT has entered into a binding takeover agreement with Brookfield and GIC valued at AU$4 billion.
Shareholders will receive AU$2.86 per share, a 26.5% premium to the last market price.
Brookfield has pursued National Storage REIT for seven years, highlighting strong demand for self-storage assets in Australia.
The deal is expected to close by Q2 2026, subject to regulatory approvals.

History

Historical Context

The Australian self-storage market, valued at AU$1.5 billion in 2013, has expanded due to urbanization and lifestyle shifts. National Storage REIT, formed in December 2013, became the first publicly listed self-storage operator in Australia. Brookfield Asset Management's AU$4 billion takeover bid, offering a 26.5% premium, highlights the competitive dynamics in Australia's property sector and may influence future investments in self-storage.

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Story summary

National Storage REIT has entered into a binding takeover agreement with Brookfield and GIC valued at AU$4 billion.
Shareholders will receive AU$2.86 per share, a 26.5% premium to the last market price.
Brookfield has pursued National Storage REIT for seven years, highlighting strong demand for self-storage assets in Australia.
The deal is expected to close by Q2 2026, subject to regulatory approvals.

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