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(Sharecast News) - Self-storage company Big Yellow said on Tuesday that it has bought a "prime" 0.8 acre site in Epsom, South West London, for £6.5m.
The group will be seeking planning permission for a 56,000 sq ft self-storage centre on the site.
"This acquisition takes the number of stores in the group's pipeline to 13, of which eight have planning consent and continues investment into our core area of activity in London and the South East," it said.
At 0805 BST, the shares were up 1.1% at 1,121p.
28 Feb 2022 11:10
IN BRIEF: Big Yellow loses Manchester storage facility in fire
Big Yellow Group PLC - Bagshot, Surrey-based self-storage company - Says a fire on Saturday morning at its Armadillo Cheadle site has resulted in the total loss of the store, affecting 650 customers. The store had 5 years remaining on the lease, valued at GBP3.3 million on September 30.
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