PRESS RELEASE
5 January 2026

Herbert Smith Freehills Kramer Advising GIC On Acquisition Of National Storage REIT As Part Of A Consortium With Brookfield

KL
Herbert Smith Freehills Kramer LLP

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Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
Herbert Smith Freehills Kramer is pleased to be advising GIC in relation to its proposed acquisition of National Storage REIT (NSR) by way of a scheme of arrangement...
Australia

Herbert Smith Freehills Kramer is pleased to be advising GIC in relation to its proposed acquisition of National Storage REIT (NSR) by way of a scheme of arrangement as part of a consortium with entities established and owned by Brookfield Asset Management, on behalf of its affiliates and their managed funds (Brookfield). Ashurst acted for the consortium.

NSR is the largest self-storage provider in Australia and New Zealand and the bid reflects an equity value of approximately $4.0 billion and an enterprise value of $6.7 billion.

The Herbert Smith Freehills Kramer team was led by partners Philippa Stone and Robert Bileckij, and supported by senior associates Samuel Moran, David Tilley and Henry Simpson.

Philippa Stone said, "We are extremely proud to be working with GIC on this significant acquisition."

Implementation of the scheme is subject to certain conditions including NSR shareholder approval, court approval and approval by the Foreign Investment Review Board.

Contributor

Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.

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