Big Yellow Group PLC Planning update (5976K)
December 17 2018 - 1:00AM
UK Regulatory
TIDMBYG
RNS Number : 5976K
Big Yellow Group PLC
17 December 2018
17 December 2018
Big Yellow Group PLC
("Big Yellow", "the Group" or "the Company")
Planning update
Big Yellow announces that it has secured a resolution (subject
to execution of a section 106 agreement) to grant planning consent
on its Lombard Road, Battersea, London site on which it currently
operates a 34,000 sq ft store.
The scheme will provide a new 72,000 sq ft net Big Yellow store,
168 flats and 18,500 sq ft of offices, retail and artists'
studios.
The process of relocating customers from the existing store to
nearby Big Yellow stores will commence in the New Year, following
which the existing store will be demolished. We are aiming to
commence construction next summer, with a view to re-opening the
larger store in summer 2020.
We will consider our options on the remainder of the site, which
may include disposal, with the benefit of the planning consent for
the residential, offices and shops.
James Gibson, CEO comments: "This was a large and complex
proposal in planning terms and success gives us considerable
confidence in tackling other projects closer to the centre of
London as and when opportunities arise."
Enquiries:
Nicholas Vetch, Executive Chairman 01276 477811
James Gibson, Chief Executive Officer
John Trotman, Chief Financial Officer
Teneo Blue Rubicon 020 7260 2700
Ben Foster
Matthew Denham
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END
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