UK's largest self-storage provider Safestore is to list its shares on the London Stock Exchange. Safestore was set up in 2002 and now operates 98 stores, making it the largest self-storage provider in the UK and the central Paris region, as well as the second largest in Europe.
UK's largest self-storage provider Safestore is to list its shares on the London Stock Exchange. Safestore was set up in 2002 and now operates 98 stores, making it the largest self-storage provider in the UK and the central Paris region, as well as the second largest in Europe.
The group has appointed Citigroup and Merrill Lynch to co-ordinate the IPO offer, which is expected to be completed in early March 2007. The group's property portfolio is valued at some £475 mln (EUR 714 mln), Property Week reported.
'Our store portfolio has trebled over the last three years and we believe that Safestore's distinctive brand and strong operational expertise provide us with an excellent platform to benefit in the fast growing market for self storage in the UK and Europe', stated Sefastore's ceo Steve Williams.