Self-storage company Big Yellow said on Thursday that it has obtained planning consent for a 58,000 sq ft storage centre on its site in Leicester.
Source: Sharecast
It expects the new store to deliver an approximately 8.7% net operating income return at stabilisation on the total capital deployed of £13.0m.
Chief executive Jim Gibson said: "We are pleased to have secured planning at Leicester, a new market for Big Yellow, and anticipate that the store will open in late 2027. We now have planning consent on 10 of our 13 pipeline stores."
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.