Big Yellow Group
BYG · Main Market · Real Estate · mcap £1,768m · 920.0p 2 open situations →
Timeline · every situation
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Takeover target
Possible offer
approach
- 15 Oct 2026 approach
Project milestones
Store development pipeline
Six stores on site; four open this year
Big Yellow is building out a central London-focused store pipeline, funded by the £38.4m Harrow Industrial Estate sale (announced 15 June 2026). The 20 July 2026 Q1 statement adds the Acton freehold site, six stores on site and four openings due this financial year. Cost to complete is £212m for a 16.5% return.
- Cost to complete
- £212 million total cost for 12 pipeline stores 15 Jun 2026 ↗
- Expected return
- £35m proforma net operating income, 16.5% return on £212m cost to complete 20 Jul 2026 ↗
- Leverage
- Net debt to EBITDA forecast 3.5x-4x short to medium term, trending to up to 3.5x 15 Jun 2026 ↗
- Funding
- Harrow sale proceeds of £38.4m, with £2m retained pending conditions 20 Jul 2026 ↗
- Pipeline
- 12 stores (11 new, one replacement) after the Acton freehold acquisition in the quarter; planning granted on nine 20 Jul 2026 ↗
- On site
- Six stores, adding about 356,000 sq ft; two more due to open in the year ending 31 March 2028 20 Jul 2026 ↗
Next: Staples Corner opens July 2026; Kentish Town and Epsom September 2026
- 20 Jul 2026 Six stores on site; four open this year
- 15 Jun 2026 Funded by £38.4m Harrow sale proceeds
- 18 May 2026 Four stores opened; 9 of 12 sites have planning
- 20 Jan 2026 Two stores opened; planning on 10 of 13
Closed · 2
Company filings. Not investment advice.