Space Maker News
4 May 2010
Safestore awarded 6 year management contract for Spacemaker self storage
Safestore, the largest self storage company in the UK and Paris, is pleased to announce it has won a competitive tendering process to manage the 12 store chain of Spacemaker stores. Spacemaker will benefit from the national footprint of the UK's No.1 self storage company and will have the additional benefits of scale and the consequent platforms of its on-line strength, national accounts and strategic alliances.
Steve Williams, Chief Executive of Safestore, commented: " One of the main reasons for customers considering one self storage company over another is the people. We have been very impressed with the Spacemaker store teams and welcome them to Safestore. With their commitment and our comprehensive training and development programme I am confident we will see the Spacemaker business flourish."
Ends
For further information, please contact:
Safestore Holdings plc Tel:020 8732 1500
Steve Williams, Chief Executive
Richard Hodsden, Chief Financial Officer
www.safestore.com
Hudson Sandler Tel: 020 7796 4133
Nick Lyon / Wendy Baker
Notes to Editors:
Safestore Holdings is the UK's largest self storage group with 95 stores throughout the UK, including 42 within the M25. In addition, it is the largest operator in central Paris with 22 stores.
About Babcock & Brown
The Company provides storage facilities to more than 39,000 domestic and business customers.
Safestore has a maximum lettable area ("MLA") of 5.4 million sq ft (including the 6 expansion pipeline stores) of which 2.75 million sq ft is currently occupied.
As the UK's only national self storage provider, Safestore is uniquely positioned to meet the needs of companies requiring a national service.
A strong balance sheet and operational cash flow allow Safestore to invest in continual improvements in the operational performance of its stores, in new store development and acquisitions where appropriate.
Safestore employs around 500 people in the UK and Paris.