The Vaults Group has announced a significant £1 million investment in the opening of Reading’s first privately-owned safe deposit box facility, the Reading Vaults.
As Europe’s largest private safe deposit box provider, The Vaults Group’s £1m investment plays a key part in supporting the local, and adjacent communities by creating 10-15 new jobs, generating employmentin, and around London.
Situated in the setting of a former Barclays bank in Tilehurst, Reading, the facility is only a short 20-minute train-ride from London Paddington, and can be easily reached with the Elizabeth line, ensuring accessibility across London and the South-East.
The Reading Vault offers a variety of safe deposit lockers to accommodate diverse needs, including storing valuables like cash, jewellery, important documents, and irreplaceable family heirlooms. With plans to continue expanding across the UK, opening facilities in North and South London, this move addresses a growing concern as most banks in the UK have ceased to offer such services, leaving a significant gap in the market.
Reading Vaults is the brainchild of Séamus Fahy and David Walsh, who identified a critical shortage of safe deposit boxes in the region, and a vital need. According to a latest research, household burglaries in Reading is likely to be on the rise, with many people no longer feel safe storing valuables at home. While people could previously rely on the likes of Metro Bank for bank-operated vault services, the reduction of these has led to lengthy waiting lists of up to four years. Reading Vaults promises immediate availability and 24/7 top-of-the-line security
Séamus Fahy, Managing Director, The Vaults Group and Head of the Safe Deposit Federation, highlights a significant shift;
“In today’s increasingly digital world, so much onus is being put on protecting online safety, but the importance of physical safety is still paramount, and we have seen a surge in demand for secure storage solutions, particularly in Berkshire and Reading”
“The Vaults Group has the facility to store items that not only reflect monetary value but also holds deep emotional significance for their owners. Beyond traditional valuables like jewellery, our customers are increasingly entrusting items such as luxury bags, watches, property deeds, first edition books, and collectibles in our care, making their secure storage even more crucial in today’s uncertain times.”
Reading Vaults offers safe deposit boxes for annual rental prices starting at just £200 per year, ensuring affordability at less than £4 per week. The facility is open 7 days a week, guaranteeing access to its customers to their belongings 363 days a year, with the added assurance of full insurance coverage. Each rental includes £10,000 worth of insurance for the first year, ensuring complete confidentiality and constant remote monitoring for peace of mind.
This state-of-the-art facility also offers the unique advantage of purchasing gold and silver bullion, providing an extra layer of economic security for its customers.
In a time where security is paramount, Reading Vaults provides a reliable, immediate solution for safeguarding your most valued possessions.
