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{{Short description|British multinational self storage service}}
{{Infobox company
{{Infobox company
| name = Safestore Holdings plc
| name = Safestore Holdings plc
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{lse|SAFE}}
| traded_as = {{ubl|{{lse|SAFE}}|[[FTSE 250 Index|FTSE 250]] component}}
| logo= Safestore logo.svg
| logo= Safestore logo.svg
| foundation = 1998
| foundation = 1998
| location = [[Borehamwood]], [[Hertfordshire]], UK
| location = [[Borehamwood]], [[Hertfordshire]], UK
| key_people = David Hearn, ([[Chairman]])<ref>{{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|accessdate=14 May 2020}}</ref> <br/> Frederic Vecchioli, ([[CEO]])<ref>{{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|accessdate=3 June 2015}}</ref>
| key_people = David Hearn, ([[Chairman]])<ref>{{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}}</ref> <br/> Frederic Vecchioli, ([[CEO]])<ref>{{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}}</ref>
| industry = [[Self storage|Storage]]
| industry = [[Self storage|Storage]]
| products =
| products =
| revenue = [[Pound sterling|£]]151.8 million (2019)<ref name=prelims>{{cite web|url=https://www.safestore.co.uk/CMSPages/GetFile.aspx?guid=de31b8d4-dc8a-4a1a-ad9a-dbe1cb120adc|format=PDF |title=Annual Report 2019|publisher=Safestore|accessdate=3 March 2020}}</ref>
| revenue ={{increase}} [[Pound sterling|£]]224.2 million (2023)<ref name=results>{{cite web|url=https://www.safestore.co.uk/CMSPages/GetFile.aspx?guid=f122fe18-3c41-4619-a3e4-23510e115eb8|format=PDF |title=Annual Report 2023|publisher=Safestore|access-date=13 February 2024}}</ref>
| operating_income =[[Pound sterling|£]]163.7 million (2019)<ref name=prelims/>
| operating_income ={{decrease}} [[Pound sterling|£]]230.4 million (2023)<ref name=results/>
| net_income =[[Pound sterling|£]]132.1 million (2019)<ref name=prelims/>
| net_income ={{decrease}} [[Pound sterling|£]]200.2 million (2023)<ref name=results/>
| num_employees =
| num_employees =
| parent =
| parent =
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}}
}}


'''Safestore''' is the UK’s largest and Europe’s second largest provider of self-storage.<ref>{{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|accessdate=3 June 2015}}</ref><ref>{{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|df=}}</ref> It is listed on the [[London Stock Exchange]] and is a constituent of the [[FTSE 250 Index]].
'''Safestore''' is the UK’s largest and Europe’s second largest provider of self-storage.<ref>{{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}}</ref><ref>{{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}}</ref> It is listed on the [[London Stock Exchange]] and is a constituent of the [[FTSE 250 Index]].


== History ==
== History ==
Safestore was founded in the UK in 1998,<ref>[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</ref> 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).<ref>{{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|accessdate=3 June 2015}}</ref>
Safestore was founded in the UK in 1998,<ref>[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</ref> 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).<ref>{{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}}</ref>


In 2004, Safestore acquired Mentmore plc<ref>{{cite web|url=https://www.questia.com/read/1G1-116012204|title=Experts Put Safestore on Track for Expansion|work=Questia Online Library|accessdate=3 June 2015}}</ref> for £209 million who were trading under the ‘Spaces’ brand in the UK and as the ‘Une Pièce en Plus’ (UPEP) brand in France. UPEP were co-founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.<ref>{{cite web|url=http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/11698095.html|title=Directorate Change|work=londonstockexchange.com|accessdate=3 June 2015}}{{dead link|date=May 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> The company has been listed in the [[London Stock Exchange]] since 2007.<ref>{{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|df=}}</ref> In April 2013, Safestore was converted into a [[Real estate investment trust|real estate investment trust (REIT)]].<ref>{{cite web|url=http://www.iii.co.uk/research/LSE:SAFE/news/item/674563/confirmation-reit-status|title=SAFE|work=Interactive Investor|accessdate=3 June 2015}}</ref>
In 2004, Safestore acquired Mentmore plc<ref>{{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}}</ref> for £209 million who were trading under the ‘Spaces’ brand in the UK and as the ‘Une Pièce en Plus’ (UPEP) brand in France.<ref>{{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}}</ref> The company has been listed on the [[London Stock Exchange]] since 2007.<ref>{{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}}</ref> In April 2013, Safestore was converted into a [[Real estate investment trust|real estate investment trust (REIT)]].<ref>{{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}}</ref>


⚫
Safestore acquired Space Maker in July 2016 (adding 12 stores to the UK operation)<ref>{{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}}</ref><ref>{{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}}</ref><ref>{{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}}</ref> and it completed the acquisition of Alligator Self Storage in November 2017.<ref>{{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|access-date=14 May 2020}}</ref>
Safestore entered the FTSE 250 index in October 2015.<ref>{{cite web|url=http://www.annualreports.com/HostedData/AnnualReportArchive/s/LSE_SAFE_2015.pdf|title=Safestore Holdings plc Annual report and financial statements 2015|accessdate=14 May 2020}}</ref>


Safestore acquired the Ready Steady store in Heathrow from Rockpool Investments in August 2019<ref>{{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}}</ref> and two stores joined the Safestore group in London through the acquisition of Fort Box Self Storage in November 2019.<ref>{{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}}</ref>
==Operations==
Safestore is the UK's largest self-storage group with 166 stores, comprising 125 wholly owned stores plus two business centres in the UK (including over 70 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol), 29 wholly owned stores in the Paris region, four stores in Barcelona, Spain and six stores in the Netherlands (Joint Venture (JV)).


⚫
Safestore also established a JV with Carlyle which acquired M3 Self Storage in the Netherlands (six stores in Amsterdam and Haarlem) in August 2019.<ref>{{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}}</ref> Safestore also acquired Oh My Box Self storage (four stores in central Barcelona) in January 2020.<ref>{{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}}</ref>
⚫
It acquired 47 Spaces Self Storage stores in the UK and the French business “Une Pièce en Plus” in 2004 and Space Maker in July 2016 (adding 12 stores to the UK operation)<ref>{{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|accessdate=3 June 2015}}</ref><ref>{{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|accessdate=3 June 2015}}</ref><ref>{{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|accessdate=3 June 2015}}</ref>. Safestore completed the acquisition of Alligator Self Storage in November 2017<ref>{{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|accessdate=14 May 2020}}</ref>, adding a further 12 stores to the UK operation. In 2019, it acquired the Ready Steady store in Heathrow from Rockpool Investments<ref>{{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|accessdate=14 May 2020}}</ref> and stores joined the Safestore group in London through the acquisition of Fort Box Self Storage<ref>{{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|accessdate=14 May 2020}}</ref>.

⚫
Safestore also established a JV with Carlyle which acquired M3 Self Storage in the Netherlands (six stores in Amsterdam and Haarlem)<ref>{{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|accessdate=14 May 2020}}</ref>. Safestore also acquired Oh My Box Self storage (four stores in central Barcelona)<ref>{{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|accessdate=14 May 2020}}</ref>.


== See also ==
== See also ==
Line 44: Line 42:


==External links==
==External links==
* [http://www.safestore.co.uk Official Website]
* [http://www.safestore.co.uk Official Website] {{Webarchive|url=https://web.archive.org/web/20160206185739/https://www.safestore.co.uk/ |date=2016-02-06 }}


{{Real estate in the United Kingdom}}
{{Real estate in the United Kingdom}}
{{FTSE 250 Index constituents}}
{{FTSE 250 Index constituents}}

{{Authority control}}


[[Category:Financial services companies established in 1998]]
[[Category:Financial services companies established in 1998]]

Latest revision as of 12:22, 7 May 2024

Safestore Holdings plc
Company typePublic
IndustrieStorage
Gegründet1998
HauptsitzBorehamwood, Hertfordshire, UK
Key people
David Hearn, (Chairman)[1]
Frederic Vecchioli, (CEO)[2]
RevenueIncrease £224.2 million (2023)[3]
Decrease £230.4 million (2023)[3]
Decrease £200.2 million (2023)[3]
Websitewww.safestore.co.uk

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.

History

[edit]

Safestore was founded in the UK in 1998,[6] 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).[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 on 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

[edit]

References

[edit]
  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. ^ a b c "Annual Report 2023" (PDF). Safestore. Retrieved 13 February 2024.
  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".[dead link]
  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. 29 August 2019. Retrieved 14 May 2020.
  17. ^ "Fort Box Self Storage Sold To Safestore". levyrealestate.co.uk. 14 November 2019. Retrieved 14 May 2020.
  18. ^ "Safestore joins forces with Carlyle in Dutch takeover". cityam.com. 19 August 2019. 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.
[edit]
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