National Storage stock: Brookfield and GIC complete AUD 6.7 billion takeover
Published on 11/06/2026 at 02:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDeal reshapes storage landscape
- Brookfield and GIC completed the all-cash acquisition of National Storage REIT in May 2026.
- The transaction takes one of Australia's largest self-storage operators into private ownership.
- National Storage serves residential and commercial customers across Australia and New Zealand.
Brookfield and GIC completed their acquisition of National Storage REIT in May 2026, according to a company profile of GIC published by Hyring. The all-cash transaction valued the Australian self-storage operator at AUD 6.7 billion and paid AUD 2.86 per security.
The deal removes National Storage from the listed market and places the business under private ownership by Brookfield and Singapore's sovereign wealth fund GIC. The transaction is also cited in a 5 November 2026 review of Australian take-private activity by law firm Clayton Utz.
Private ownership ends listing
For investors, the completed transaction changes the investment case from listed equity exposure to an acquisition outcome. The AUD 2.86 consideration is the relevant transaction price cited for the completed takeover, rather than a continuing public-market valuation.
National Storage had built its platform across Australia and New Zealand before the transaction. Its investor website says the group served more than 90,000 residential and commercial customers through more than 250 storage centres and operated as an internally managed, fully integrated owner and operator.
National Storage business profile
National Storage owns and operates self-storage centres for residential and commercial customers in Australia and New Zealand. The company describes itself as one of Australia's largest self-storage providers and says National Storage REIT was the country's first publicly listed, internally managed and fully integrated owner and operator in the sector. The completed transaction places that regional platform within Brookfield and GIC's private investment portfolios.
National Storage at a glance
- Company: National Storage REIT
- ISIN: AU000000NSR2
- Ticker: NSR
- Home exchange: ASX
- Acquirers: Brookfield and GIC
- Transaction: AUD 6.7 billion all-cash acquisition
- Consideration: AUD 2.86 per security
- Completion: May 2026
- Operating footprint: More than 250 storage centres across Australia and New Zealand
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