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Big Yellow Gets Planning Consent To Redevelop Store Site In Battersea

LONDON (Alliance News) - Self-storage company Big Yellow Group PLC on Monday said it has secured ...

Alliance News 17 December, 2018 | 8:39AM
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LONDON (Alliance News) - Self-storage company Big Yellow Group PLC on Monday said it has secured a resolution to grant planning consent on a site in Battersea, south west London.

The scheme will provide a new 72,000 square feet net Big Yellow store, 168 flats and 18,500 square feet in offices, retail and artists' studios.

A 34,000 square feet store currently operates on the site, which will be demolished once customers are relocated to the newly constructed site.

Relocation will start in the New Year, and construction is expected to start next summer, with the aim of opening the new, larger store in the summer of 2020.

Big Yellow is considering what to do with the remainder of the site, with options including a disposal.

"This was a large and complex proposal in planning terms and success gives us considerable confidence in tackling other projects closer to the centre of London as and when opportunities arise," said Chief Executive Officer James Gibson.

Shares in FTSE 250-constituent Big Yellow were down 0.1% at 870.50 pence on Monday.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Big Yellow Group PLC 1,034.00 GBX -0.58 -

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