King & Wood Mallesons acts on National Storage REIT fundraising
Macquarie Group Limited’s capital raising announced earlier this month, KWM has acted for National Storage REIT in relation to a $57.5 million fully underwritten institutional placement of new stapled securities.
National Storage REIT is a leader in fully-integrated self-storage spaces and was the first of its kind to be listed on the Australian Securities Exchange.
The purpose of the capital raising is to reduce existing debt to provide NSR with financial flexibility to pursue acquisition opportunities.