Baker & McKenzie successfully acted for J.P. Morgan Australia Limited and Morgan Stanley Australia Securities Limited as joint lead managers and underwriters of the A$260m fully underwritten institutional placement and non-renounceable entitlement offer by National Storage REIT.

National Storage REIT is one of Australia’s largest self-storage providers, tailoring self-storage solutions to over 35,000 residential and commercial customers at 100 storage centres across Australia and New Zealand.

Lead partner on the deal, Lauren Magraith stated: "The proceeds of the capital raising will be used by National Storage REIT to fund the acquisition of the Southern Cross Portfolio of assets from Heitman. Our team was delighted to act for our longstanding clients J.P. Morgan and Morgan Stanley on this transaction, having also advised on National Storage REIT's initial public offering in 2013 and each of its subsequent capital raisings since IPO."

Lauren was assisted by senior associate, Hoda Nahlous and associate Ivo Basoski.

This transaction follows Baker & McKenzie's recent roles in advising APN News & Media on their $180 million entitlement offer, the joint lead managers on the A$107m institutional placement by Mantra Group Limited, the joint lead managers on the $135m institutional placement and selldown by Aconex Limited, the joint lead managers on the A$494m entitlement offer by Qube Holdings Limited, to fund Qube's participation in the c. A$9bn takeover of Asciano Limited, and the joint lead managers on the $405m entitlement offer by Spark Infrastructure, to fund Spark Infrastructure's participation in the A$10.258bn acquisition of TransGrid.

Baker & McKenzie was named the world's strongest law firm brand for the sixth consecutive year in the Acritas’ Global Elite Law Firm Brand Index.

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