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Safestore Holdings plc (SAFE.L)

LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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807.50+7.50 (+0.94%)
At close: 04:35PM BST

Safestore Holdings plc

Brittanic House
Stirling Way
Borehamwood WD6 2BT
United Kingdom
44 20 8732 1500
https://www.safestore.com

Sector(s)Real Estate
IndustryREIT - Industrial
Full-time employees750

Key executives

NameTitlePayExercisedYear born
Mr. Frederic VecchioliCEO & Director511kN/A1966
Mr. Simon ClintonCFO & DirectorN/AN/AN/A
Mr. David DaviesBusiness Development DirectorN/AN/AN/A
David Gibson OrrCompany SecretaryN/AN/AN/A
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in GBp.

Description

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle. 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 more densely populated 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 90,000 personal and business customers. As of 31 October 2023, Safestore had a maximum lettable area ("MLA") of 8.090 million sq ft (excluding the expansion pipeline stores) of which 6.231 million sq ft was occupied. Safestore employs around 750 people in the UK, Paris, Spain, the Netherlands, and Belgium.

Corporate governance

Safestore Holdings plc’s ISS governance QualityScore as of 1 June 2024 is 4. The pillar scores are Audit: 9; Board: 3; Shareholder rights: 1; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.