Big Yellow Group PLC Planning Update (1962Y)
September 07 2020 - 1:00AM
UK Regulatory
TIDMBYG
RNS Number : 1962Y
Big Yellow Group PLC
07 September 2020
7 September 2020
Big Yellow Group PLC
("Big Yellow", "the Group" or "the Company")
Planning Update
Big Yellow announces that it has secured resolutions to grant
planning consents for a new 56,000 sq ft net lettable area store in
North Kingston and 70,000 sq ft store in Wembley, both of which are
in London.
Our new 77,000 sq ft Camberwell store opened in July and is
leasing up well with occupancy after 8 weeks of 11.4%. The company
has now secured planning consents on eight of the thirteen proposed
stores in its development pipeline. These eight stores once
constructed will provide approximately 500,000 sq ft of additional
capacity.
James Gibson, Chief Executive Officer, commented
"We now have an oven-baked supply of consented sites which will
allow us to build a sustainable stream of new stores over the next
three to four years. We are progressing planning on our remaining
development sites and continue to look to acquire more development
land and replenish the pipeline as stores open."
Enquiries:
James Gibson, Chief Executive Officer 01276 477811
John Trotman, Chief Financial Officer 01276 477811
Teneo
Ben Foster 0203 6035221
Matt Denham
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