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Safestore Revenue Up

Self-storage retailer Safestore posted a double-digit percentage revenue rise this year to Oct. 31, but said it will slow its expansion plans in light of the current economic uncertainty. Safestore, which operates in the U.K. and Paris, said turnover climbed by 11.3 percent from the previous year to £82.7m. However, overall occupancy declined by 6.7 percent to 2.7m square feet. Safestore managed to offset this by lifting the average rental rate by 11.2 percent per square foot to £24.05. For more information, visit http://www.safestore.co.uk/home/home.aspx.

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