National Storage REIT to acquire Sydney storage centre

Company News

by Jessica Ellerm

National Storage REIT (ASX:NSR) has announced it will acquire a second freehold storage centre in Artarmon, Sydney.

The multi-level storage centre contains 550 units of over 3,300 square metres of leasable space.

National Storage will pay current owners Ebley Street Holdings Pty Ltd and Metro Storage Pty Ltd $10.75 million for the facility.

The acquisition is its second in the area, with the company actively pursuing other opportunities.

National Storage REIT reported a net profit of $44 million at 30 June 2016.

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