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NSR ASX: Lovestruck bosses out at the Brisbane storage firm

Two top executives at the $3.3 billion ASX-listed National Storage had an extramarital affair which became the talk of Brisbane. Both are now gone. ....

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Consolidation on the way for self-storage industry

Consolidation on the way for self-storage industry
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Consolidation and the prospect of takeovers loom large for Australia’s self-storage sector as it emerges from COVID-19 with high occupancy rates and a favourable outlook, according to industry leaders and analysts.
National Storage managing director Andrew Catsoulis.
Michelle Smith
Major players have been fighting tooth and nail for new sites and industry ascendancy following a tumultuous 2020, when market leader National Storage was the target of a failed three-way takeover battle that led to rival Abacus holding 9.9 per cent of its shares.
“It’s inevitable we’ll see more consolidation of a fragmented market,” Andrew Parsons, executive director of Resolution Capital, told ....

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