Properties take chunk out of Safestore profits as revenue jumps
Properties take chunk out of Safestore profits as revenue jumps. It meant that Safestore now rents out 4.98 million square feet of space, a 6.2% increase on 2018. The unoccupied space is a big opportunity to grow, said Safestore chief executive Frederic Vecchioli. As far as traders are concerned, Safestore continues to be a safe pair of hands. Over the year, the company bought two storage units in London for £14 million, bought a Heathrow site for £6.6 million, and bought into the Dutch market in partnership with Carlyle, a private equity company.