Share Prices & Company Research

Market News

13 Dec 2018 | 07:42

Big Yellow to acquire industrials estate in London for £28m

Big Yellow said Thursday it had exchanged unconditional contracts to acquire the Wyvern Industrial Estate in New Malden, London for £28m.

Big Yellow current occupied approximately half of the estate, with an 81,000 square foot net lettable area store, on an occupational lease which expired in 2026.

The acquisition removed two material risks for the company as there was 'no certainty the lease would have been renewed at its expiry, and the liability of future rent increases on this property could have been significant given its prime location in London,' Big Yellow said.

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.