Nuveen, LLC and Stor-Age Property REIT Limited (JSE:SSS) acquired four property Easistore portfolio on April 12, 2023. Stor-Age's equity contribution in the Acquisition is £4.4 million (including transaction and rebrand costs), with an estimated forecast pre-tax yield on investment of 15%. Debt funding for the Acquisition is being provided by Natwest (which further expands Storage King's existing debt funding relationships). The JV will enter into a £41 million interest only facility with a five year term on completion.

Nuveen, LLC and Stor-Age Property REIT Limited (JSE:SSS) completed the acquisition of four property Easistore portfolio on April 12, 2023.