Planning Update
Big Yellow obtains planning consent for 58,000 sq ft storage centre in Leicester with £13.0m capital deployment.
- Storage centre size 58,000 sq ft
- Total capital deployed £13.0 million
- Expected net operating income return at stabilisation 8.7%
- Pipeline stores with planning consent 10 of 13
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Big Yellow announces that it has obtained planning consent for a 58,000 sq ft storage centre on its site in Leicester.
We expect that this new store will deliver an approximately 8.7% net operating income return at stabilisation on the total capital deployed of £13.0 million.
Jim Gibson CEO, commented:
"We are pleased to have secured planning at Leicester, a new market for Big Yellow, and anticipate that the store will open in late 2027. We now have planning consent on 10 of our 13 pipeline stores."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.