• Self storage business located mainly in London and its southern suburbs that floated on the Alternative Investment Market in 2000.
  • Has been hit hard by recessionary conditions.
  • Recently said occupancy of its storage space fell by 3 percent in the three months ending in September, with trading conditions also tough in the last three months of 2008.
  • Signed five year management agreement with an affiliate of HSBC Specialist Investments Ltd. to manage a portfolio of 10 self storage centres. The 10 stores are located in the north of England and Scotland, and would be branded as Armadillo Self Storage.
  • Adrian Lee, operations director at Big Yellow Group, sold nearly £250,000 in shares in the self-storage firm. He offloaded 123,462 shares at an average price of 196p a share, retaining 889,187 shares or 77 percent of the issued share capital of the company.

Unlock the rest of this article with a 14 day trial

Already have an account?
Login here