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Tag: Benelux Joint Venture

Safestore acquires remaining 80% share of Benelux Joint Venture

Posted on March 31, 2022October 24, 2023

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…

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