Consolidation on the way for self-storage industry
Consolidation on the way for self-storage industry Share 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 it...
Source: afr.com