This article is from the Australian Property Journal archive
NATIONAL Storage REIT has bought a self storage centre at Highett in Melbourne’s south-east for $17 million.
The centre is situated on the Nepean Highway and comprises over 700 units across 4,600 sqm of net lettable area.
“We begin 2016 with an acquisition that will further strengthen our Melbourne presence, bringing the total number of centres owned or operated by NSR to 24,” Managing director Andrew Catsoulis said.
“The centre is well located with exposure to passing traffic and is situated next to big box retail. There is an opportunity to add value by integrating the asset onto the National Storage operating platform and driving rate per square metre,” he added.
Australian Property Journal
