This article is from the Australian Property Journal archive
NATIONAL Storage REIT has teamed up with Perth’s self storage construction company Parsons Group to establish a development portfolio.
The Perth Development Portfolio has identified five sites, where Parsons Group and NSR will construct self-storage centres over a projected five-year term.
NSR will acquire up to three assets on completion, with the remaining centres to be operated as National Storage centres by Parsons Group.
The first centre at Jandakot, south of Perth, is scheduled to open in September and will be owned by Parsons Group.
NSW managing director Andrew Catsoulis said the arrangement will cement National Storage as the dominant player in the Perth market.
“Importantly, this arrangement will entrench our major competitive advantage as the leading storage operator in Perth and see the National Storage portfolio increase to 17 centres in Perth in the short term,” he added.
Australian Property Journal
