Last checked at 13 Jul 2020 07:00
13 July 2020
Big Yellow Group PLC
("Big Yellow", "the Group" or "the Company")
Freehold acquisition
Big Yellow announces that it has exchanged contracts to acquire a site at 60-70 The Highway, Wapping, London adjacent to our existing store for £18.6 million.
We will be seeking planning permission for a mixed-use scheme across both sites to comprise approximately 125,000 sq ft of self storage and ancillary space together with approximately 150 residential units.
The intention will be to build a new-build self storage centre on the newly acquired land. When this is complete consideration will be given to the future of the existing property.
James Gibson, Chief Executive Officer commented:
"This is a strategically located site on the fringes of Central London and continues our strategy of building large, high quality stores as close to London's city centre as possible."
Enquiries:
James Gibson, Chief Executive Officer | 01276 477811 |
John Trotman, Chief Financial Officer | 01276 477811 |
Teneo | |
Ben Foster | 0203 603 5221 |
Matt Denham |