Challenges remain for Safestore

Storage space provider Safestore said total revenue during the first quarter of 2012 grew by 6.7% from the same period last year, driven by a strong performance from its Paris market but cautioned that wider economic challenges remain.

Storage space provider Safestore said total revenue during the first quarter of 2012 grew by 6.7% from the same period last year, driven by a strong performance from its Paris market but cautioned that wider economic challenges remain.

The group, which opened two new stores in the quarter at New Southgate in London and Gonesse in the Paris region, said year on year revenue at its Paris business increased 9.6%, followed by London and South East at 6.5% and the rest of the UK at 4.4%.

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