Summary
Safestore, the UK's largest storage provider, yesterday said it was giving "full consideration" to converting the business into a tax-efficient real estate investment trust.
The group's comments suggested it may follow in the footsteps of fellow self-storage group Big Yellow, which became a REIT soon after their introduction at the beginning of the year.See the full content of this document
Extract
Safestore Is Finding Room to Convert to a Reit ; Storage
Property-rich firms, such as storage providers, have been adopting REIT status in a bid to take advantage of the tax efficiencies offered unde...
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