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Roslyn Storage chairman Trevor Scott said the move was a positive one for Dunedin given the Australasian entity has been expanding across Australia and New Zealand. It was pleased to be able to make continued use of the Roslyn Woollen Mill building.
"Now is the time for a growing storage provider to use its economy of scale to further develop and take it to the next level."
National Storage already operates facilities in Kaikorai Valley and Northeast Valley and has a presence in Christchurch, Wellington and Hamilton.
"This acquisition continues our expansion into New Zealand, driving efficiencies across our operational platform," National Storage REIT managing director Andrew Catsoulis said.