Completion of Acquisition of Space Maker

RNS Number : 6575F

Safestore Holdings plc

29 July 2016

 

FOR IMMEDIATE RELEASE

29 July 2016

Safestore Holdings plc

("Safestore" or the "Group")

Completion of Acquisition of Space Maker

Further to the announcement on 22 June 2016, Safestore has today completed the acquisition of Space Maker Stores Limited ("SMS").

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No 596/2014 and is disclosed in accordance with the Company's obligation under Article 17 of those Regulations.

For further information, please contact:

Safestore Holdings plc

Frederic Vecchioli, Chief Executive Officer

Andy Jones, Chief Financial Officer                                      Tel: [phone]

www.safestore.com

 

About Safestore

·	Safestore is the UK's largest self-storage group with 119 stores, comprising 95 wholly owned stores in the UK (including 56 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol) and 24 wholly owned stores in the Paris region. In addition, Safestore currently has 12 Space Maker stores under management in the UK.
·	Safestore operates more self-storage sites inside the M25 and in central Paris than any competitor providing more proximity to customers in the wealthiest and densest UK and French markets.
·	Safestore was founded in the UK in 1998. It acquired the French business "Une Pièce en Plus" ("UPP") in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.
·	Safestore has been listed on the London Stock Exchange since 2007. It entered the FTSE 250 index in October 2015.
·	The Group provides storage to around 48,300 personal and business customers.
·	Safestore (excluding Space Maker) has a maximum lettable area ("MLA") of 4.925 million sq ft (excluding the expansion pipeline stores) of which 3.490 million sq ft was occupied at 30 April 2016.
·	Safestore employs around 525 people in the UK and France.

About Space Maker

·

SMS is the ninth largest self-storage portfolio in the UK with 12 stores located in Bournemouth (two stores), Colchester, Redhill, Romford, Brentford, Chelmsford, Exeter, Leeds, Plymouth, Portsmouth and Poole, and has a fully invested built out lettable area of c.496,000 sq ft. Six of the SMS stores are freehold or long leasehold and six are leasehold stores with an average remaining lease length of 16.4 years at 30 April 2016.

 

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