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.

The Brisbane based KWM team was led by Corporate M&A partner Stefan Luke, together with senior associate Rhys Casey and solicitor Alexander Tod.

Stefan Luke said: “National Storage REIT continues to go from strength to strength and we are delighted to have once again supported them on this fundraising.”

The KWM team also acted on the initial public offering and listing of National Storage REIT in December 2013 and its capital raising in August 2014.