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GIC, Brookfield complete privatisation of ASX-listed National Storage REIT

Jovi Ho
Jovi Ho • 3 min read
GIC, Brookfield complete privatisation of ASX-listed National Storage REIT
The transaction is the largest-ever privatisation deal of a real estate firm listed on the Australian Stock Exchange. Photo: NSR
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GIC and Brookfield have completed their acquisition of National Storage REIT (NSR), Australia and New Zealand’s largest owner and operator of self-storage facilities.

The two global investment firms had announced the deal in December 2025.

In a joint announcement on May 8 announcing the financial close of the deal, GIC and Brookfield say NSR securityholders received an all-cash consideration of A$2.86 ($2.62) per security, implying an enterprise value of approximately A$6.7 billion.

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