Disposal of Staines Industrial Estate
Big Yellow contracts to sell Staines Industrial Estate for £36.5m, bringing total proceeds from two disposals to £75m.
- Staines Industrial Estate sale price £36.5m
- Total proceeds from two disposals £75m
- Harrow estate retention received £2m
- Net debt to EBITDA 3.7x
Select text to share a quote on X · sign in to keep highlights & notes in your BYG notes
Big Yellow announces that it has contracted to sell its industrial estate in Staines, Surrey for £36.5 million and has received the £2 million retention held back from the previously announced sale of its Harrow industrial estate. The Group will have received gross proceeds of £75 million from these two disposals.
The Company's preferred gearing metric, net debt to EBITDA, currently stands at approximately 3.7x and is expected to fall in due course to our target of 3.5x.
We can also report that since the end of Q1 we have opened new stores in Epsom, Kentish Town and a relocation store at Staples Corner (all in London). These recent store openings contribute to a total of seven new stores brought online since July 2025, which are making an increasing contribution to revenue and will shortly help drive the profitability of the business.
John Hunter, CEO, commented:
"We are largely able to fund our capital expenditure this year and next from capital receipts and retained cash flow, without materially increasing absolute levels of debt. We believe a robust balance sheet and prudent capital structure is of heightened importance in the current external environment."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.