Public Storage

Ki Corporation and Public Storage, operating as a Consortium, have made a revised non-binding offer to acquire Abacus Storage King for A$1.65 per security. Both parties agreed to due diligence, signaling progress. Public Storage sees growth potential in the Australian self-storage market. The deal is non-binding and subject to conditions, including regulatory and securityholder approval. Public Storage will not provide further updates unless a definitive agreement is reached.