Self-storage firm snaps up Heathrow store in £6.5m deal

Self-storage company Safestore has confirmed it will take over a 34,000 sq ft store as part of its acquisition of warehousing firm Salus Services.

In a £6.5m deal of the premises located in the Parkway Trading Estate near Heathrow Airport, which is currently operated by Ready Steady Store, Safestore has confirmed intentions to re-brand.

The news comes as Safestore announces a joint venture with private equity specialist Carlyle to take over Dutch firm M3 Self Storage, an operator of six storage locations in the Netherlands, as part of its European growth.

Frederic Vecchioli, Safestore’s chief executive officer, said: “The group has developed a multi-country highly scalable platform with a leading marketing and operational expertise in self-storage.

“The acquisition of M3 represents an excellent platform for entry into the attractive Dutch self storage market and we expect that our JV [joint venture] with Carlyle will enable us to target additional selected development and acquisition opportunities.

“I am also delighted with the acquisition of our new Heathrow store which consolidates our position as the leading self-storage operator inside London’s M25.“

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