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BRIEF-Safestore Holdings buys Stork Self Storage for 56 mln stg
September 25, 2017 / 4:04 PM / 3 months ago

BRIEF-Safestore Holdings buys Stork Self Storage for 56 mln stg

Sept 25 (Reuters) - SAFESTORE HOLDINGS PLC:

* ‍ACQUISITION OF STORK SELF STORAGE (HOLDINGS) LIMITED (TRADING AS ALLIGATOR SELF STORAGE) FOR 56 MLN STG​

* ‍EARNINGS ACCRETIVE FROM COMPLETION, FURTHER CONSOLIDATION OF UK MARKET​

* ‍AT CONSIDERATION PRICE, SSSHL PORTFOLIO HAS AN IMPLIED FIRST YEAR NET OPERATING INCOME YIELD OF C.7.7 PCT 2​ Source text for Eikon: Further company coverage:

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