Safestore

{{Short description|British multinational self storage service}}

{{Infobox company

| name = Safestore Holdings plc

| type = Public

| traded_as = {{ubl|{{lse|SAFE}}|FTSE 250 component}}

| logo= Safestore logo.svg

| foundation = 1998

| location = Borehamwood, Hertfordshire, UK

| key_people = David Hearn, (Chairman){{cite web|url=https://www.sharesmagazine.co.uk/news/market/6688978/Safestore-appoints-David-Hearn-as-chairman|title=Safestore appoints David Hearn as chairman|work=sharesmagazine.co.uk|access-date=14 May 2020}}
Frederic Vecchioli, (CEO){{cite web|url=http://www.investegate.co.uk/article.aspx?id=201309040700101623N|title=FE Investegate -Safestore Hldgs plc Announcements - Safestore Hldgs plc: Directorate Change|work=investegate.co.uk|access-date=3 June 2015}}

| industry = Storage

| products =

| revenue ={{decrease}} £223.4 million (2024){{cite web|url=https://corporate.safestore.com/MediaLibrary/Corporate/Files/ec/ecfd4851-af84-49e6-a19b-c4134e7ac84a.pdf|title=Annual Results 2024|publisher=Safestore|access-date=10 February 2025}}

| operating_income ={{increase}} £425.8 million (2024)

| net_income ={{increase}} £372.3 million (2024)

| num_employees =

| parent =

| subsid =

| homepage = [http://www.safestore.com www.safestore.co.uk]

| footnotes =

}}

Safestore is the UK’s largest and Europe’s second largest provider of self-storage.{{cite web|url=http://www.moneyam.com/InvestorsRoom/posts.php?tid=18557|title=Investors' Room :: Safestore Plc - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2|work=moneyam.com|access-date=3 June 2015}}{{cite web|url=http://online.hemscottir.com/ir/safe/news_xml.jsp?item=1329006762807175|title=Safestore Holdings plc - Shareholders approve REIT|work=hemscottir.com|access-date=3 June 2015|archive-url=https://web.archive.org/web/20160305114549/http://online.hemscottir.com/ir/safe/news_xml.jsp?item=1329006762807175|archive-date=2016-03-05|url-status=dead}} It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

Safestore was founded in the UK in 1998,[http://findarticles.com/p/articles/mi_qn4158/is_20030822/ai_n12707844 Soros makes a loss in Safestore's £40m management buyout] Independent – 22 August 2003 and floated on the Alternative Investment Market (AIM) that year. In 2003, the company was delisted from the AIM after a Bridgepoint-backed £39.8 million Management Buyout led by Steve Williams (Chief Executive at the time).{{cite web|url=http://www.bridgepoint.eu/en/news/press-releases/2007/safestore-to-ipo-at-240p-per-share/|title=Bridgepoint / Safestore to IPO at 240p per share|work=bridgepoint.eu|access-date=3 June 2015}}

In 2004, Safestore acquired Mentmore plc{{cite web|url=https://www.questia.com/read/1G1-116012204|title=Experts Put Safestore on Track for Expansion|access-date=}}{{dead link|date=July 2021}} for £209 million who were trading under the ‘Spaces’ brand in the UK and as the ‘Une Pièce en Plus’ (UPEP) brand in France.{{cite web|url=https://www.insideselfstorage.com/united-kingdom/year-crazy-change-france|title=A Year of Crazy Change in France|date=1 June 2006|publisher=Inside Self Storage|access-date=14 May 2020}} The company has been listed on the London Stock Exchange since 2007.{{cite web|url=http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B1N7Z094GBGBXSSMM.html|title=SAFESTORE HOLDINGS PLC ORD 1P - London Stock Exchange|work=londonstockexchange.com|access-date=3 June 2015|url-status=dead|archive-url=https://web.archive.org/web/20150603005613/http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B1N7Z094GBGBXSSMM.html|archive-date=3 June 2015}} In April 2013, Safestore was converted into a real estate investment trust (REIT).{{cite web|url=http://www.iii.co.uk/research/LSE:SAFE/news/item/674563/confirmation-reit-status|title=SAFE|work=Interactive Investor|access-date=3 June 2015}}

Safestore acquired Space Maker in July 2016 (adding 12 stores to the UK operation){{cite web|url=http://www.investegate.co.uk/article.aspx?id=201503250930044142I|title=FE Investegate -Safestore Hldgs plc Announcements - Safestore Hldgs plc: Notice of Results|work=investegate.co.uk|access-date=3 June 2015}}{{cite web|url=http://www.tickerreport.com/banking-finance/437367/safestore-holdings-plcs-buy-rating-reiterated-at-numis-securities-ltd-safe/|title=Safestore Holdings Plc's "Buy" Rating Reiterated at Numis Securities Ltd (SAFE) - Ticker Report|work=Ticker Report|access-date=3 June 2015}}{{cite web|url=http://www.themover.co.uk/features/2012/04/17/self-storage-opportunity-or-threat-to-movers-|title=Self Storage – opportunity or threat to movers?|work=themover.co.uk|access-date=3 June 2015}} and it completed the acquisition of Alligator Self Storage in November 2017.{{cite web|url=https://www.propertyweek.com/safestore-snaps-up-alligator-self-storage/5092629.article|title=Safestore snaps up Alligator Self Storage|work=propertyweek.com|date=26 September 2017 |access-date=14 May 2020}}

Safestore acquired the Ready Steady store in Heathrow from Rockpool Investments in August 2019{{cite web|url=https://capitalwestlondon.co.uk/self-storage-firm-snaps-up-heathrow-store-in-6-5m-deal/|title=Self-storage firm snaps up Heathrow store in £6.5m deal|work=capitalwestlondon.co.uk|date=29 August 2019 |access-date=14 May 2020}} and two stores joined the Safestore group in London through the acquisition of Fort Box Self Storage in November 2019.{{cite web|url=https://www.levyrealestate.co.uk/fort-box-self-storage-sold-to-safestore.html|title=Fort Box Self Storage Sold To Safestore|work=levyrealestate.co.uk|date=14 November 2019 |access-date=14 May 2020}}

Safestore also established a JV with Carlyle which acquired M3 Self Storage in the Netherlands (six stores in Amsterdam and Haarlem) in August 2019.{{cite web|url=https://www.cityam.com/safestore-joins-forces-with-carlyle-in-dutch-takeover/|title=Safestore joins forces with Carlyle in Dutch takeover|work=cityam.com|date=19 August 2019 |access-date=14 May 2020}} Safestore also acquired Oh My Box Self storage (four stores in central Barcelona) in January 2020.{{cite web|url=https://www.onlinemarketplaces.com/articles/30942-safestore-enters-spain-with-the-purchase-of-oh-my-box-for-173m-euros|title=Safestore enters Spain with the purchase of Oh My Box! for 17.3M euros|work=Property PortalWatch|date=13 January 2020|access-date=14 May 2020}}

See also

References

{{Reflist|30em}}