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U.K. Self-Storage Operator Safestore Announces 2012 Loss, Conversion to REIT Status, CFO Change
The impact of the United Kingdom’s value-added tax (VAT) on self-storage facilities was illustrated this week by operator Safestore Holdings PLC, which announced a pre-tax loss of £19.5 million ($30.9 million) for the 2012 fiscal year ended Oct. 31. The loss was in contrast to a £8.5 million ($13.5
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