- Big Yellow Group
- 05 August 2025 08:55:12
Source: Sharecast
Big Yellow said the store, located prominently on the Causeway, will serve a new catchment area for the firm, with its nearest store being seven miles away.
The FTSE 250-listed group also highlighted that it has a further three stores due to open in the current trading year, in Queensbury, Slough Bath Road and Wembley, and noted that it anticipates opening a further four stores in the year ending 31 March 2027, with one in West Kensington following in 2028.
Chief executive Jim Gibson said: "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 £37m, a return of 8.8% on the total development cost of £422m, including land already acquired, of which £214m has been spent to date."
As of 0855 BST, Big Yellow shares were up 0.64% at 938p.
Reporting by Iain Gilbert at Sharecast.com