ASX-listed National Storage makes NZ foray with $23 mln buy-up in Christchurch

Fri, 26 Jun 2015

By Paul McBeth June 26 (BusinessDesk) - National Storage REIT, one of the largest self-storage providers in Australia, has made its first foray across the Tasman spending $23 million building a storage portfolio in Christchurch. The Brisbane-based company will buy five sites in Christchurch, funded from existing facilities, it said in a statement to the ASX. The units in Redwood, Belfast, Opawa, Ferrymead and Hornby are expected to add to earnings per share in the first year with potential upside on a per square metre rate and development...

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