Business
Completion of Acquisition of Space Maker
Completion of Acquisition of Space Maker.
About this update from Safestore Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 6575F Safestore Holdings plc 29 July 2016 \n\nFOR IMMEDIATE RELEASE\n29 July 2016\n \nSafestore Holdings plc\n(\"Safestore\" or the \"Group\")\n \nCompletion of Acquisition of Space Maker\n \nFurther to the announcement on 22 June 2016, Safestore has today completed the acquisition of Space Maker Stores Limited (\"SMS\").\n \nThis 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.\n \n \nFor further information, please contact:\n \nSafestore Holdings plc\nFrederic Vecchioli, Chief Executive Officer\nAndy Jones, Chief Financial Officer Tel: 020 8732 1565\n \nwww.safestore.com\n \n \nAbout Safestore\n \n\n\n\n\n· \n\n\nSafestore 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.\n \n\n\n\n\n· \n\n\nSafestore 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.\n \n\n\n\n\n· \n\n\nSafestore 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.\n \n\n\n\n\n· \n\n\nSafestore has been listed on the London Stock Exchange since 2007. It entered the FTSE 250 index in October 2015.\n \n\n\n\n\n· \n\n\nThe Group provides storage to around 48,300 personal and business customers.\n \n\n\n\n\n· \n\n\nSafestore (excluding Space Maker) has a maximum lettable area (\"MLA\") of 4...