Freehold acquisition

13 July 2020

Big Yellow Group PLC

("Big Yellow", "the Group" or "the Company")

Freehold acquisition

Big Yellow announces that it has exchanged contracts to acquire a site at 60-70 The Highway, Wapping, London adjacent to our existing store for £18.6 million.

We will be seeking planning permission for a mixed-use scheme across both sites to comprise approximately 125,000 sq ft of self storage and ancillary space together with approximately 150 residential units.

The intention will be to build a new-build self storage centre on the newly acquired land.  When this is complete consideration will be given to the future of the existing property.

James Gibson, Chief Executive Officer commented:

"This is a strategically located site on the fringes of Central London and continues our strategy of building large, high quality stores as close to London's city centre as possible."

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