Australia's Mass Group rises on sale of self-storage portfolio

MAAS group

21/02/2024 03:12

** Shares of Maas Group Holdings  MGH.AX  rise as much as
2.2% to A$4.22
    ** The construction materials firm has entered into
conditional contracts with National Storage REIT  NSR.AX  to
sell its existing self-storage portfolio
    ** Adds MGH and NSR have agreed to pursue additional
development opportunities through either development or JV
agreements with six initial locations identified
    ** About 495,964 shares change hands, compared with the
30-day average volume of 400,949 shares
    ** Stock up 7.2% so far this year, as of last close

    

 (Reporting by Megha  Rani)
 ((Megha.Rani2@thomsonreuters.com;))