Safestore

Safestore is the UK’s largest and Europe’s second largest provider of self-storage.[4][5] It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Safestore Holdings plc
TypePublic
LSE: SAFE
IndustryStorage
Founded1998
HeadquartersBorehamwood, Hertfordshire, UK
Key people
David Hearn, (Chairman)[1]
Frederic Vecchioli, (CEO)[2]
Revenue£151.8 million (2019)[3]
£163.7 million (2019)[3]
£132.1 million (2019)[3]
Websitewww.safestore.co.uk

History

Safestore was founded in the UK in 1998,[6] and floated on the Alternative Investment Market (AIM) that year. In 2003, the company delisted from the AIM after a Bridgepoint-backed £39.8 million Management Buyout led by Steve Williams (Chief Executive at the time).[7]

In 2004, Safestore acquired Mentmore plc[8] for £209 million who were trading under the ‘Spaces’ brand in the UK and as the ‘Une Pièce en Plus’ (UPEP) brand in France.[9] The company has been listed in the London Stock Exchange since 2007.[10] In April 2013, Safestore was converted into a real estate investment trust (REIT).[11]

Safestore acquired Space Maker in July 2016 (adding 12 stores to the UK operation)[12][13][14] and it completed the acquisition of Alligator Self Storage in November 2017.[15]

Safestore acquired the Ready Steady store in Heathrow from Rockpool Investments in August 2019[16] and two stores joined the Safestore group in London through the acquisition of Fort Box Self Storage in November 2019.[17]

Safestore also established a JV with Carlyle which acquired M3 Self Storage in the Netherlands (six stores in Amsterdam and Haarlem) in August 2019.[18] Safestore also acquired Oh My Box Self storage (four stores in central Barcelona) in January 2020.[19]

See also

References
  1. "Safestore appoints David Hearn as chairman". sharesmagazine.co.uk. Retrieved 14 May 2020.
  2. "FE Investegate -Safestore Hldgs plc Announcements - Safestore Hldgs plc: Directorate Change". investegate.co.uk. Retrieved 3 June 2015.
  3. "Annual Report 2019" (PDF). Safestore. Retrieved 3 March 2020.
  4. "Investors' Room :: Safestore Plc - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2". moneyam.com. Retrieved 3 June 2015.
  5. "Safestore Holdings plc - Shareholders approve REIT". hemscottir.com. Archived from the original on 2016-03-05. Retrieved 3 June 2015.
  6. Soros makes a loss in Safestore's £40m management buyout Independent – 22 August 2003
  7. "Bridgepoint / Safestore to IPO at 240p per share". bridgepoint.eu. Retrieved 3 June 2015.
  8. "Experts Put Safestore on Track for Expansion". Questia Online Library. Retrieved 3 June 2015.
  9. "A Year of Crazy Change in France". Inside Self Storage. 1 June 2006. Retrieved 14 May 2020.
  10. "SAFESTORE HOLDINGS PLC ORD 1P - London Stock Exchange". londonstockexchange.com. Archived from the original on 3 June 2015. Retrieved 3 June 2015.
  11. "SAFE". Interactive Investor. Retrieved 3 June 2015.
  12. "FE Investegate -Safestore Hldgs plc Announcements - Safestore Hldgs plc: Notice of Results". investegate.co.uk. Retrieved 3 June 2015.
  13. "Safestore Holdings Plc's "Buy" Rating Reiterated at Numis Securities Ltd (SAFE) - Ticker Report". Ticker Report. Retrieved 3 June 2015.
  14. "Self Storage – opportunity or threat to movers?". themover.co.uk. Retrieved 3 June 2015.
  15. "Safestore snaps up Alligator Self Storage". propertyweek.com. Retrieved 14 May 2020.
  16. "Self-storage firm snaps up Heathrow store in £6.5m deal". capitalwestlondon.co.uk. Retrieved 14 May 2020.
  17. "Fort Box Self Storage Sold To Safestore". levyrealestate.co.uk. Retrieved 14 May 2020.
  18. "Safestore joins forces with Carlyle in Dutch takeover". cityam.com. Retrieved 14 May 2020.
  19. "Safestore enters Spain with the purchase of Oh My Box! for 17.3M euros". Property PortalWatch. 13 January 2020. Retrieved 14 May 2020.
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