- Business
- Safestore Holdings plc (SAFE.L) operates as the United Kingdom's largest self-storage provider and Europe's second largest, offering secure self-storage accommodation and related services to personal and business customers, including storage units for household items, office furniture, paperwork, archives, stock, and machinery; ancillary products such as packing materials, padlocks, and insurance under the StoreProtect brand; and flexible access options with 24-hour CCTV surveillance, extended hours, intruder alarms, and climate-controlled facilities. The company serves domestic individuals needing space during moves or renovations and businesses requiring scalable storage solutions, with approximately 205 stores comprising 139 wholly owned locations in the UK (including 78 in London and the Southeast, plus sites in Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 30 in the Paris region under the Une Pièce en Plus brand, 16 in Spain under OhMyBox!, 14 in the Netherlands under MijnSafestore, six in Belgium under MySafestore, and seven in Germany under Safestore-myStorage, alongside a joint venture in Germany with Carlyle. Founded in 1998 and headquartered at Brittanic House, Stirling Way, Borehamwood, Hertfordshire, WD6 2BT, United Kingdom, Safestore segments its operations into the UK, Paris, and Expansion Markets (Spain, Netherlands, Belgium, Germany). In recent developments, Safestore entered the Italian market in December 2024 through a 50/50 joint venture with Nuveen Real Estate to acquire Easybox Self Storage SRL for €175 million, adding ten stores and two turn-key developments with 780,000 square feet of maximum lettable area across Milan, Turin, Rome, Genoa, and Florence; opened four new stores adding 98,900 square feet in fiscal year 2025 (ending October 31, 2025), including sites in Paris (La Défense, Noisy-le-Grand) and post-year-end in London Wembley and Paris Colombes, expanding total maximum lettable area to 9.3 million square feet; and maintained a development pipeline of 1.0 million square feet, with robust revenue growth of 6.1% in Q4 2025 at constant exchange rates, driven by like-for-like improvements and new store contributions.