Safestore acquires remaining 80% share of Benelux Joint Venture

LONDON, UK: Safestore Holdings has acquired the remaining 80% of the equity owned by Carlyle Europe Realty (CER) in the Joint Venture formed in 2019. The total consideration paid to Carlyle was €67m. The total initial cash outflow is €139m and includes the share purchase (€67m), refinancing of the existing borrowings (€67m), transfer tax and…