Brookfield, GIC Said to Near Binding Offer for National Storage

Brookfield Asset Management Ltd. and Singapore’s GIC Pte are nearing a binding offer for National Storage REIT in a deal that may value the Sydney-listed company at about A$4 billion...

By Vinicy Chan, Manuel Baigorri · Bloomberg Markets

Brookfield Asset Management Ltd. and Singapore’s GIC Pte are nearing a binding offer for National Storage REIT in a deal that may value the Sydney-listed company at about A$4 billion ($2.7 billion), according to people familiar with the matter.