Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Renewed Takeover Talks for National Storage After Abacus' Stake Creep

National Storage REIT (NSR AU) In Trading Halt Ahead Of Possible Brookfield/GIC Tilt

Quiddity Advisors

Event-Driven

<ul>
<li>After <strong><a href="https://www.smartkarma.com/entities/national-storage-reit" target="_blank" data-smartkarma-citation="entities:13762:1" rel="noopener">National Storage REIT (NSR AU)</a></strong> entered a trading halt on the 26th Nov, it subsequently <a href="https://announcements.asx.com.au/asxpdf/20251208/pdf/06t1s3h18mpq02.pdf" target="_blank" rel="noopener">announced</a> a NBIO from Brookfield and Singapore's GIC. </li>
<li>Brookfield and GIC tabled a A$2.86/share (~1.11x P/NTA 30th June 2025) Offer, by way of a Scheme. Any 1H26 distribution would be netted (<strong>not</strong> added, as I incorrectly posted previously).</li>
<li>This morning, NSR announced it has <a href="https://announcements.asx.com.au/asxpdf/20251126/pdf/06sjvswlkfm83c.pdf" target="_blank" rel="noopener">entered into a Scheme</a> on the same terms. Implementation expected late April 2026. FIRB and NZ's OIO approvals required, in addition to the vote. </li>
</ul>


After National Storage REIT (NSR AU) entered a trading halt on the 26th Nov, it subsequently announced a NBIO from Brookfield and Singapore's GIC. 
Brookfield and GIC tabled a A$2.86/share (~1.11x P/NTA 30th June 2025) Offer, by way of a Scheme. Any 1H26 distribution would be netted (not added, as I incorrectly posted previously).
This morning, NSR announced it has entered into a Scheme on the same terms. Implementation expected late April 2026. FIRB and NZ's OIO approvals required, in addition to the vote. 


National Storage REIT (NSR AU): Brookfield/GIC Firm A$2.86/Share Offer