National Storage REIT in acquisition mode
National Storage Real Estate Investment Trust is on the lookout for asset acquisition and new development opportunities, launching a $30 million share purchase plan to complement its recently completed $300 million institutional placement.
An architect's rendering of National Storage's proposed Manukau facility in Auckland, New Zealand. Image: National Storage (Image source: Shutterstock.com)
National Storage Real Estate Investment Trust is on the lookout for asset acquisition and new development opportunities, launching a $30 million share purchase plan to complement its recently completed $300 million institutional placement.
The ASX-listed self-storage provider said it was currently considering around $120 million of acquisitions and developments, with the COVID-19 pandemic likely to provide additional opportunities.
The placemen…
