Close
Company Search
Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Freehold Acquisition

15th Sep 2025 07:00

RNS Number : 2075Z
Big Yellow Group PLC
15 September 2025
 

 

15 September 2025

 

 

Big Yellow Group PLC

("Big Yellow", "the Group" or "the Company")

 

Freehold Acquisition

 

Big Yellow announces that it has exchanged contracts to acquire a 0.5 acre freehold property in Bethnal Green, London for £10.8 million. Completion of the purchase is unconditional and will take place in 18 months, allowing time for the Group to seek planning consent to develop a 68,000 sq ft self storage centre on the site, which is expected to yield approximately 8% NOI on the capital deployed at stabilisation. 

 

Jim Gibson, Chief Executive Officer, commented:

 

"This is a high-quality zone 2 London addition to the Group's pipeline; opportunities to acquire sites in this location are rare, and there is very little existing self storage supply in the local area."

 

 

Enquiries:

 

Big Yellow:

 

Nicholas Vetch, Executive Chairman 01276 477811

James Gibson, Chief Executive Officer

John Trotman, Chief Financial Officer

 

Sodali & Co 0207 100 6451

Ben Foster

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ACQUUOVRVWUKAAR

Related Shares:

Big Yellow
FTSE 100 Latest
Value9,208.37
Change12.71