Big Yellow Group (BYG): Store development pipeline

This situation live

£1,768m · 920.0p · −16% since the first step

Project milestones

Store development pipeline

Six stores on site; four open this year

Next: Staples Corner opens July 2026; Kentish Town and Epsom September 2026

Every step · 5

17 Nov 2025 Seven under construction; nine of 13 have planning – We are opening two more stores this financial year in Slough (Bath Road) and Wembley, London. We are on site at a further five locations, with Leamington... ↗
20 Jan 2026 Two stores opened; planning on 10 of 13 – We are opening a further two stores before the year end (Slough Bath Road, and Wembley, London) and four in the forthcoming financial year. ↗
18 May 2026 Four stores opened; 9 of 12 sites have planning – Planning consent granted for Leamington Spa, Leicester and Old Kent Road; we now have 9 of our 12 pipeline stores with planning; six stores are currently... ↗
15 Jun 2026 Funded by £38.4m Harrow sale proceeds – The proceeds from the disposal will be used to fund the build out of 11 new stores and one replacement store in the development pipeline on land owned by the Group. ↗
20 Jul 2026 Six stores on site; four open this year – We are currently on site at six of the pipeline stores, which will add approximately 356,000 sq ft of capacity. ↗

What is happening

Big Yellow Group: Store development pipeline – Six stores on site; four open this year. ['Six stores on site; four open this year']

In short: 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.
Announced: 17 Nov 2025 · Seven under construction; nine of 13 have planning
Latest: 20 Jul 2026 · Six stores on site; four open this year
Cost to complete: £212 million total cost for 12 pipeline stores
Expected return: £35m proforma net operating income, 16.5% return on £212m cost to complete
Leverage: Net debt to EBITDA forecast 3.5x-4x short to medium term, trending to up to 3.5x
Funding: Harrow sale proceeds of £38.4m, with £2m retained pending conditions
Pipeline: 12 stores (11 new, one replacement) after the Acton freehold acquisition in the quarter; planning granted on nine
On site: Six stores, adding about 356,000 sq ft; two more due to open in the year ending 31 March 2028
Openings FY27: Staples Corner July 2026, Kentish Town and Epsom September 2026, Wapping December 2026
Recent openings: Four recently opened stores now give discernible revenue contributions, expected to accelerate

Staples Corner opens July 2026; Kentish Town and Epsom September 2026.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

From the company's own announcements. Not investment advice.

Also at Big Yellow Group 1 open