Share Prices & Company Research

Market News

19 Feb 2019 | 09:23

Big Yellow acquires freehold sites in Wembley, North London, Kingston North

Big Yellow said Tuesday it had acquired freehold sites in Wembley, North London and Kingston North in South West London.

The acquisition brought the total pipeline of proposed new stores to 12, and on completion would result in additional capacity of approximately 760,000 sq ft, 16% of the group's portfolio's current maximum lettable area.

The Group's pipeline, which had taken nearly five years to build, should allow new stores to be opened on a reasonably regular and sustainable basis.

The company also provided an update on current projects under construction. 'Construction is well advanced at Manchester, is underway at Camberwell and will start in the next few months at Battersea following the transfer of customers from the existing store,' the company said. 'Our pipeline of proposed new stores will over the medium term make a considerable contribution to the Group's earnings and importantly continues to consolidate our leading position in London,' said James Gibson, Chief Executive Officer. 'We continue to look for opportunities to acquire more development land.'

At 9:23am: (LON:BYG) Big Yellow Group Plc share price was +0.25p at 943.75p

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.