Safestore has announced that its acquired a freehold site in eastern Paris adjacent to the A4 motorway at Marnes-la-Vallée in the town of Emerainville for €4.2m. The site contains an existing warehouse which will be converted into a c.60,000 sq ft self-storage facility and c.8,000 sq ft of serviced offices. The company estimates that the costs of conversion at c.€2.4m with the new store openning in late Summer 2016.
The company says that, following this acquisition, and the opening of the stores at Chiswick, Birmingham and Wandsworth, Safestore will have a total of 122 stores in the UK and Paris, of which 81 are freehold and long leasehold.
Safestore announces acquisition of new site at Marnes-la-Vallée, Paris : SAFE
