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

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

May 10, 2026

Real Estate

Brookfield and GIC have completed their A$6.7 billion (US$4.8 billion) all-cash take-private acquisition of Australia’s National Storage REIT. National Storage operates more than 300 self-storage facilities across Australia and New Zealand serving over 100,000 residential and commercial customers.

Public Storage to Acquire National Storage Affiliates (NSA)

March 16, 2026

Real Estate

Public Storage (PSA) agreed to acquire National Storage Affiliates Trust (NSA) in an all-stock transaction valued at approximately $10.5 billion enterprise value. The deal offers an exchange ratio of 0.14 PSA shares (or partnership units) for each NSA share/unit and is expected to close in the third quarter of 2026, subject to approvals and customary conditions.

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.

Blackstone Energy Partners Acquires NRStor C&I

March 4, 2020

Energy

Funds managed by Blackstone Energy Partners (Blackstone) completed the acquisition of Toronto-based battery energy storage developer NRStor C&I L.P. NRStor, a developer and operator of turn‑key battery storage projects with over 200 MWh of projects across North America, will leverage Blackstone's capital and sector expertise to expand its platform into new North American markets.

Brookfield Infrastructure and GIC Acquire Genesee & Wyoming Inc.

December 30, 2019

Transportation

Affiliates of Brookfield Infrastructure Partners and GIC have completed the acquisition of Genesee & Wyoming Inc. in an approximately $8.4 billion transaction (including debt), taking G&W private at $112 per share. G&W — a Darien, Connecticut‑headquartered owner/operator of short line and regional freight railroads with about 8,000 employees and operations across North America, Europe and Australia — will be integrated into Brookfield's global infrastructure platform.