National Storage REIT property in the state of Queensland, Australia. (Photo: Google Maps)

National Storage REIT is issuing approximately 30,789,784 new units following the close of its security purchase plan (SPP).

The SPP closed on 2 June and has raised approximately AUD48 million (USD33 million) for the REIT after an upsize option.

Each stapled security was issued at AUD1.57 per unit.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.