Brookfield Infrastructure and GIC are in advanced negotiations to present a binding offer for National Storage, a leading provider of self-storage solutions. The potential deal reflects sustained interest from major institutional investors in the logistics and real estate sectors.
Sources familiar with the matter indicate that the two firms are working towards a formalized proposal, which could value National Storage in the hundreds of millions of dollars. While the specifics of the offer have not been publicly disclosed, discussions appear to be progressing toward a deal that would involve a significant investment or acquisition.
National Storage, headquartered in Australia, has seen continued growth amid rising demand for self-storage services. The involvement ofBrookfield and GIC highlights ongoing consolidation activity in the industry, as investors seek to capitalize on resilient property assets and evolving consumer needs.
It remains unclear when a formal agreement might be announced, and negotiations could still undergo adjustments before reaching a final decision. Both parties have declined to comment publicly on the matter.