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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.<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> 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|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.<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> 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>


==Operations==
It 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|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.
It 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|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.


Revision as of 22:04, 14 May 2020

Safestore Holdings plc
Company typePublic
LSE: SAFE
IndustrieStorage
Gegründet1998
HauptsitzBorehamwood, 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

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

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] UPEP were co-founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.[10] The company has been listed in the London Stock Exchange since 2007.[11] In April 2013, Safestore was converted into a real estate investment trust (REIT).[12]

It acquired Space Maker in July 2016 (adding 12 stores to the UK operation).[13][14][15] Safestore completed the acquisition of Alligator Self Storage in November 2017,[16] adding a further 12 stores to the UK operation.

It acquired the Ready Steady store in Heathrow from Rockpool Investments in August 2019[17] and stores joined the Safestore group in London through the acquisition of Fort Box Self Storage in November 2019.[18]

Safestore also established a JV with Carlyle which acquired M3 Self Storage in the Netherlands (six stores in Amsterdam and Haarlem) in August 2019.[19] Safestore also acquired Oh My Box Self storage (four stores in central Barcelona) in January 2020.[20]

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. ^ a b c "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. ^ "Directorate Change". londonstockexchange.com. Retrieved 3 June 2015.[permanent dead link]
  11. ^ "SAFESTORE HOLDINGS PLC ORD 1P - London Stock Exchange". londonstockexchange.com. Archived from the original on 3 June 2015. Retrieved 3 June 2015.
  12. ^ "SAFE". Interactive Investor. Retrieved 3 June 2015.
  13. ^ "FE Investegate -Safestore Hldgs plc Announcements - Safestore Hldgs plc: Notice of Results". investegate.co.uk. Retrieved 3 June 2015.
  14. ^ "Safestore Holdings Plc's "Buy" Rating Reiterated at Numis Securities Ltd (SAFE) - Ticker Report". Ticker Report. Retrieved 3 June 2015.
  15. ^ "Self Storage – opportunity or threat to movers?". themover.co.uk. Retrieved 3 June 2015.
  16. ^ "Safestore snaps up Alligator Self Storage". propertyweek.com. Retrieved 14 May 2020.
  17. ^ "Self-storage firm snaps up Heathrow store in £6.5m deal". capitalwestlondon.co.uk. Retrieved 14 May 2020.
  18. ^ ""Fort Box Self Storage Sold To Safestore". levyrealestate.co.uk. Retrieved 14 May 2020.
  19. ^ ""Safestore joins forces with Carlyle in Dutch takeover". cityam.com. Retrieved 14 May 2020.
  20. ^ "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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