A privately owned safe deposit box facility has been opened in Tilehurst after the Vaults Group announced a £1million investment in the opening of a first of its kind in Reading.
The group, which is Europe’s largest private safe deposit box provider, says that it provides ‘increasing demand for secure storage’
Located in the former Barclays bank in Tilehurst, the facility offers a variety of deposit lockers to accommodate different needs such as cash, jewellery, documents and more.
Reading Vaults says: “We identified a critical shortage of safe deposit boxes in the region, and a vital need. According to the 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 added: “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.”
The Vaults group has 12 facilities now open across UK, Spain and Ireland in Dublin, Glasgow, Newcastle, Liverpool, Edinburgh, Manchester, Nottingham, Edinburgh, Southampton, Bristol, Reading and Barcelona.
