Inside Self-Storage

Europe Self-Storage

U.K. Self-Storage Operator Lok’nStore Attributes Financial Gains to VAT

U.K. self-storage operator Lok’nStore Group PLC announced financial results for the first half of its fiscal year, which ended Jan. 31. Revenue during the period increased 2.2 percent from the previous year, and occupancy rose 6.1 percent year over year. The company ...More
February 19, 2013
Posted in News, Finance
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 company also said it ...More
January 31, 2013
Posted in News, Finance
U.K. Self-Storage Operator Big Yellow Offers 10M Shares to Raise Capital

U.K. self-storage operator Big Yellow Group PLC announced it will offer up to 10 million new shares of company stock in an attempt to pay down debt, increase dividends and expand its number of locations. ...More
January 24, 2013
Posted in News, Finance
U.K. Self-Storage Operator Big Yellow Releases Financial Results for Quarter Ended Dec. 31

U.K. self-storage operator Big Yellow Group PLC released its financial results for the fiscal third quarter ended Dec. 31. Revenue for the quarter was £16.8 million ($27 million), which was up 3.7 percent year over year but down 9.7 percent from the previous quarter. ...More
January 15, 2013
Posted in News, Finance
Nordic Real Estate Partners Buys SelStor Self-Storage in Sweden

Copenhagen-based real estate fund manager Nordic Real Estate Partners (NREP) has acquired the Swedish self-storage company SelStor to merge into its Pelican group. ...More
January 7, 2013
Posted in News, Real Estate
LoveSpace Launches 'Mail Storage' Self-Storage Service in the U.K.

A new U.K.-based self-storage service targeting couples who are downsizing, landlords and people between permanent homes is about to go national following a six-month pilot scheme. The LoveSpace "mail storage" concept is aimed at consumers who want to declutter but avoid ...More
January 7, 2013
Posted in News
Russia Self-Storage Market Rebounds as the Economy and Customer Confidence Improve

Despite a challenging beginning, the Russian self-storage industry is once again showing promise. Development growth and new investors are emerging in Moscow and expected to expand to new cities. ...More
December 9, 2012
Posted in Articles
U.K. Self-Storage Operator Offers ‘Elf Storage,’ U.S. Facilities Hold Holiday Coat Drives

Self-storage operators around the world continue to find meaningful and creative ways to serve their communities during the Christmas season. One storage company in the United Kingdom is offering space to hide gifts, while U.S. operators partner with nonprofit groups to ...More
November 27, 2012
Posted in News
British Comedian Performs Community Service at Big Yellow Self Storage Facility

Customers visiting a Big Yellow Self Storage facility in Bromley, South London, England this week may have caught a glimpse of a familiar face working at the facility. British comedian Justin Lee Collins, 38, was performing community service as part of his sentence for ...More
November 20, 2012
Posted in News
U.K. Self-Storage Operator Safestore Releases 4Q 2012 Financial Report

U.K. self-storage operator Safestore Holdings PLC has released its financial statement for the fourth quarter of its fiscal year, which ended Oct. 31. The report indicates Safestore experienced growth in revenue and rented square footage at its self-storage facilities in ...More
November 16, 2012
Posted in News, Finance

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