Safestore hit by property re-valuation and currency costs

Safestore, the provider of self storage in the UK and France, has dropped dramatically in morning trading after revealing a near-12m sterling pre-tax loss.

Safestore, the provider of self storage in the UK and France, has dropped dramatically in morning trading after revealing a near-12m sterling pre-tax loss.

Figures for the six months to April 30th, show the company's property portfolio valuation has been reduced by £24m (or 3.4%) compared to the end of October last year.

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