Friday 27 June 2008

National Storage may seek a new partner

National Storage which has more than 60 properties nationwide, including those at Minchinbury and Seven Hills, in Western Sydney, is likely to seek a new partner following the decision by the unlisted APN National Storage Property Trust to sell its $346 million portfolio, by November, to avoid an expensive refinancing that might have slashed distributions by up to 24 per cent, according to The Australian Financial Review.

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