Brookfield and GIC Acquire National Storage REIT (Australia) for A$6.7B

Public Storage Agrees to Acquire Public Storage Canada

June 22, 2026

Real Estate

Public Storage agreed to acquire Public Storage Canada (PS Canada), a 68-property self-storage platform with 5.3 million square feet across major Canadian markets, for approximately US$1.2 billion. The deal was negotiated with Tamara Hughes Gustavson and her family under existing right-of-first-offer and right-of-first-refusal rights; it was expected to close in the second half of 2026, subject to customary conditions.

QuadReal Property Group Acquires Self Stor Ontario Self-Storage Assets From Cowie Capital Partners

June 1, 2026

Real Estate

QuadReal Property Group, the real estate arm of BCI, acquired five Ontario self-storage properties operating under the Self Stor banner, previously owned by Toronto-based Cowie Capital Partners. The transactions total just over CAD 182 million and add 5,125 storage units, bringing QuadReal’s Canadian portfolio past 22,000 units and more than 2 million square feet of net rentable area.

Brookfield Asset Management and GIC Acquire National Storage REIT in A$6.7 Billion Take-Private

May 18, 2026

Real Estate

Brookfield Asset Management and GIC have closed their A$6.7 billion take-private acquisition of National Storage REIT (NSR), valuing the business at approximately A$6.7 billion. The consortium bought NSR’s platform of 300+ self-storage centers across Australia and New Zealand and moved the company off the public markets, with NSR securityholders receiving all-cash consideration of A$2.86 per unit.

Macquarie Asset Management-led consortium to acquire further 20% stake in National Gas

July 19, 2023

Energy

A consortium led by Macquarie Asset Management has agreed to acquire an additional 20% equity interest in National Gas from National Grid, taking the consortium's total ownership to 80%. The deal, on equivalent terms to the original January 2023 transaction, is subject to regulatory clearance and is expected to complete in the second half of 2023; the consortium also holds an option to acquire the remaining 20% between May and July 2024.

GIC and Oak Street to Acquire STORE Capital in $14 Billion All-Cash Transaction

October 17, 2022

Infrastructure

GIC, together with funds managed by Oak Street (a division of Blue Owl), agreed to acquire STORE Capital for approximately $14 billion in an all-cash transaction valued at $32.25 per share. The deal is subject to STORE Capital stockholder approval and customary closing conditions, with an expected close in the first quarter of 2023.

Janus International Acquires Steel Storage Australasia

January 16, 2020

Building Products

Janus International Group, LLC, a Clearlake Capital–backed provider of turn-key self-storage building solutions, has acquired Steel Storage Australasia, a Brisbane-based designer and builder of self-storage facilities. Financial terms were not disclosed; the acquisition expands Janus' product, technology and construction capabilities in the Australian market, including its Nokē Smart Entry and mobile storage solutions.