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National Storage REIT gets $2.6 billion takeover offer from Brookfield-led group
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National Storage REIT gets $2.6 billion takeover offer from Brookfield-led group
Nov 25, 2025 8:57 PM

Nov 26 (Reuters) - Australia's National Storage REIT ( NTSGF )

said on Wednesday it has received a A$4.02 billion

($2.61 billion) takeover offer from a consortium including

Brookfield and GIC Investments.

Under the offer, the consortium has proposed to pay National

Storage shareholders A$2.86 in cash per share, a 26.5% premium

to the stock's last close on Tuesday.

National Storage said it has agreed to provide exclusive due

diligence access to the consortium till December 7.

The offer comes after an earlier confidential proposal and

certain negotiations, including providing limited due diligence

to the consortium, the company said in a statement.

($1 = 1.5380 Australian dollars)

(Reporting by John Biju & Sherin Sunny in Bengaluru; Editing by

Mrigank Dhaniwala and Subhranshu Sahu)

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