13th Jul 2020 08:26
(Alliance News) - Self-storage sites operator Big Yellow Group PLC on Monday said it has bought a site adjacent to the company's existing store in the Wapping area of London for GBP18.6 million.
The Surrey, England-based company intends to seek planning permission for a mixed-use scheme across both Wapping sites to comprise around 125,000 square feet of self storage and ancillary space together with 150 residential units.
Chief Executive Officer James Gibson said: "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."
Shares in the company were trading 1.4% higher at 1,004.00 pence each in London on Monday morning.
By Tapan Panchal; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Big Yellow