National Storage REIT confirms takeover offer from Gaw Capital

National Storage REIT confirms takeover offer from Gaw Capital

Hong Kong-based real estate private equity firm Gaw Capital Partners is in talks to buy National Storage REIT, Australia’s largest self-storage operator.

National Storage REIT, listed on the Australian Securities Exchange (ASX: NSR), has confirmed it has received a non-binding takeover offer from private equity fund manager Gaw Capital Partners (GCP) in a response to media speculation.

”Discussions are at this stage preliminary and subject to a number of conditions and there is no certainty that the discussions will lead to a final recommended offer,” said in a statement.

”The Board advises NSR securityholders to take no action at this time in respect of their securityholdings in NSR.”

National Storage REIT said it has engaged J.P. Morgan as its financial advisor and Allens as its legal advisor.

National Storage is Australasia’s largest self-storage owner-operator, tailoring self-storage solutions to over 60,000 residential and commercial customers at more than 170 storage centres across Australia and New Zealand.

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