L’accord était attendu depuis longtemps, c’est aujourd’hui officiel : l’américain Public Storage va racheter son homologue Shurgard Storage Centers, leader mondial du «self stockage» (service de location d’espaces de stockage dans des sites conçus à cet effet) pour un somme avoisinnant les 5 milliards de dollars.
Public Storage va ainsi émettre environ 38.4 millions d’actions communes en échange de l’ensemble des actions de Shurgard et reprend également les 1,8 milliard de dollars de dette.… Lire la suite
The Boards of Directors of both companies approved a definitive merger agreement under which Public Storage will acquire Shurgard at a total transaction value of approximately $5.0 billion. Under the transaction, which is taxable, Public Storage will issue approximately 38.4 million shares of common stock, will assume approximately $1.8 billion of Shurgard debt and $136 million of Shurgard preferred stock will be redeemed.… Lire la suite
European Operating Results
At constant exchange rates, the Europe Same Store segment in the fourth quarter of 2004 generated increases in revenue of 7.7% and NOI before leasehold and indirect expenses of 2.0% over the fourth quarter of 2003. NOI after leasehold and indirect expenses in the quarter grew 0.5% from the same quarter in 2003.… Lire la suite
The £209 million takeover of a storage company by a competitor five times smaller has been named the Birmingham Deal of the Year.
Safestore Holdings became the biggest self storage company in Britain after spending £209 million to acquire Mentmore Abbey.
The Hertfordshire firm is now the second largest storage company in Europe, with an annual turnover of £50 million.… Lire la suite
Fast growth, enormous potential attract investors
By Andrew Jacobs
The U.S. self-storage market is more than 30 years old and comprises more than 37,000 properties, with an average occupancy of 84.6 percent. It has grown rapidly from 1992, when 19,500 properties experienced an average occupancy rate of 84.8 percent. The U.K.… Lire la suite