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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>
==Operations==
⚫
It acquired 47 Spaces Self Storage stores in the UK and the French business “Une Pièce en Plus” in 2004<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|accessdate=14 May 2020}}</ref> 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) 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|accessdate=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|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>

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>


== See also ==
== See also ==
Line 40: 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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