REG - Big Yellow Group PLC - Development Update

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Tue 07:02

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RNS Number : 9020T  Big Yellow Group PLC  05 August 2025

 

5 August 2025

 

Big Yellow Group PLC

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

 

Development update

 

Big Yellow is pleased to announce that it has opened its new 70,000 sq ft
store at Staines, West London.  The store is located prominently on the
Causeway and will serve a new catchment area for Big Yellow, with our nearest
store seven miles away.

We have a further three stores due to open this financial year; Queensbury,
London (72,000 sq ft opening in October 2025), Slough Bath Road (95,000 sq ft
opening in February 2026), and Wembley, London (73,000 sq ft opening in March
2026).  We anticipate opening a further four stores in the year ending 31
March 2027, with West Kensington, London following in 2028.

 

Jim Gibson, CEO, commented:

"This is the first opening of the nine sites that we are currently
constructing, which will add 730,000 sq ft of capacity (11% of our current
MLA).  These sites, along with the other five in our pipeline, will add a
proforma net operating income of approximately £37 million, a return of 8.8%
on the total development cost of £422 million, including land already
acquired, of which £214 million has been spent to date."

 

Enquiries:

 

Nicholas Vetch CBE, Executive Chairman
 
01276 477811

Jim Gibson, Chief Executive Officer
 
01276 477811

John Trotman, Chief Financial Officer
 
            01276 477811

 

Sodali  & Co
 
            0207 100 6451

Ben Foster

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