safestore holdings plc (SAFE) Snapshot

Safestore Holdings plc (LSE:SAFE) has also appointed Deloitte Real Estate to find a potential buyer for Whitechapel, E1 site, which has scope for circa 400 flats, 10,000 square feet of shops, offices and leisure space. Deloitte head of London development Mathew Evans-Pollard, said: "The Safestore site is one of the largest in single ownership in central Whitechapel. It presents a unique opportunity to secure a major freehold interest in the middle of this major growth area, which will be driven by the arrival of Crossrail." Sources said offers in excess of £30 million would be sought for the site, based on current residential values. The deadline for initial interest is June 21, 2013. Shortlisted parties will then be asked to submit formal bids.

Safestore Holdings plc announced that Andy Jones has been appointed to the Board as Chief Financial Officer. Richard Hodsden has stepped down from the Board but will remain with the company until May 31, 2013 in order to ensure a smooth transition.

Safestore Holdings plc announced to report that shareholders have voted overwhelmingly in favor of the proposed resolution to amend the articles of association to facilitate the group's conversion to a UK-REIT. Following the approval, the company remains on track to convert to REIT status on April 1, 2013 at the annual general meeting held on March 20, 2013.