Statement re Store Fire

RNS Number : 8087Y

Safestore Holdings plc

31 December 2010

 



FOR IMMEDIATE RELEASE                                                                        31 December 2010

Safestore Holdings Plc

Statement re Store Fire

The Board of Safestore reports that there was a fire at its La Défense store in Paris yesterday but there were no injuries.

The French head office was also based at this store which trades under the name 'Une Pièce en Plus'.  The building, all fixtures and fittings, and customer property stored within the building are fully insured and the Group is also insured for loss of trade and business interruption whilst the store is inoperable.  The store contributes less than 1% of revenue and will therefore have no material impact on the business or its performance.

It is currently not known how the fire started.  Our disaster recovery plan has been implemented so there will be no disruption to the running of the rest of the business and the store will be rebuilt and reopened as soon as practicably possible.

ENDS

Enquiries

Hudson Sandler	020 7796 4133
Nick Lyon

Notes to editors:

·	Safestore is the UK's largest self storage group with 130 stores including 96 wholly owned stores and 12 stores under management throughout the UK and 22 stores in Paris.
·	The Company provides storage facilities to more than 41,000 domestic and business customers (up circa 8.0% since 31 October 2009).
·	Safestore (excluding Space Maker stores under management) has a maximum lettable area ("MLA") of approximately 5.4 million sq ft (including the expansion pipeline stores) of which 2.94 million sq ft is currently occupied.
·	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.

 

END

 

 

MSCKKDDQBBDDPBN