Company type | Public |
---|---|
Industry | Storage |
Founded | 1998 |
Headquarters | Borehamwood, Hertfordshire, UK |
Key people | David Hearn, (
Chairman)
[1] Frederic Vecchioli, ( CEO) [2] |
Revenue | £224.2 million (2023) [3] |
£230.4 million (2023) [3] | |
£200.2 million (2023) [3] | |
Website | www.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.
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]