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Big Yellow Group PLC announced on 15 September 2025 that it exchanged contracts to acquire a 0.5 acre freehold property in Bethnal Green, London for £10.8 million. The unconditional purchase will complete in 18 months, with Big Yellow aiming to develop a 68,000 sq ft self storage centre on the site, which is expected to yield approximately 8% NOI on capital deployed at stabilisation.
| Date | 15 Sept 2025 |
| Time | 07:00:03 |
| Category | Acquisitions and alliances |
| ID | 2075Z |
15 September 2025
Big Yellow Group PLC
("Big Yellow", "the Group" or "the Company")
Freehold Acquisition
Big Yellow announces that it has exchanged contracts to acquire a 0.5 acre freehold property in Bethnal Green, London for £10.8 million. Completion of the purchase is unconditional and will take place in 18 months, allowing time for the Group to seek planning consent to develop a 68,000 sq ft self storage centre on the site, which is expected to yield approximately 8% NOI on the capital deployed at stabilisation.
Jim Gibson, Chief Executive Officer, commented:
"This is a high-quality zone 2 London addition to the Group's pipeline; opportunities to acquire sites in this location are rare, and there is very little existing self storage supply in the local area."
Enquiries:
Big Yellow:
Nicholas Vetch, Executive Chairman 01276 477811
James Gibson, Chief Executive Officer
John Trotman, Chief Financial Officer
Sodali & Co 0207 100 6451
Ben Foster