Feb 29 (Reuters) - National Storage REIT NSR.AX :
* National Storage REIT to acquire Melbourne centre NSR.AX
* Says entered into arrangements to acquire a high quality self storage asset in highett, Melbourne
* Says deal comprises of over 700 units across 4,600 sqm of net lettable area
* Says asset will be purchased for approximately $17 million
* Consideration to be funded from nsr's debt facility
* Says transaction fits within nsr's target yield range and remains conditional
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