Big Yellow to spend £100m on 11 new sites

Aaron Morby 4 months ago
Share

Storage giant the Big Yellow Group is planning a major expansion drive investing over £100m in eleven new development sites.

The store openings are expected to add 680,000 sq ft of storage space, around 15% more space to the group’s existing portfolio.

Much of the expansion will be in London and the south east, with projects also planned in Manchester and Newcastle.

Its development programme will also include proposed increases in capacity of its Battersea and Wapping stores in London.

Big Yellow announced this morning that it was raising £67m from a share placing with investors to help fund the development programme.

For the year to 31 March 2019, Big Yellow is committed to spend £40m, but it said this was anticipated to rise with further site acquisitions.

Latest news

Buyer deposits repaid as Manchester’s tallest tower axed

54-floor St John's Place residential tower pulled in face of cooling demand
1 hour ago

Billionaire Warren Buffett targets UK construction insurance

Berkshire Hathaway Specialty Insurance enters market as contractors struggle for cover
1 hour ago

Skilled trades pay rates hit £1000-a-week in Midlands

Self employed workers enjoyed wage rises of 6.7% last year
2 hours ago

Kier boss leaves to become Rydon construction head

Mark Norris leaves operations director role at Kier after 13 months
18 hours ago

Go-ahead for £60m Nottingham HMRC hub

Bowmer & Kirkland believed to be in line to build Unity Square offices
2 hours ago

Crooked bookkeeper stole £100k from cladding contractor

Court hears how mother and daughter used company cash to fund their lifestyles
17 hours ago

£50m stands approved for Lords cricket ground

Builder ISG to start in August on new Edrich and Compton stands
20 hours ago

Roof trusses fall on labourer

Darlington Council fined for poor site management
2 hours ago

Union demands “period dignity” on construction sites

Multiplex first contractor to sign-up with campaign for better site toilets
24 hours ago

Boost your online presence – join the Enquirer Directory

New site for suppliers and buyers showcases products, services and latest stories
9 months ago

Van Elle profit warning after “challenging” quarter

Lower margin contracts drag down performance as restructuring continues
1 day ago

Balfour boss in Brexit blast at Chancellor

Leo Quinn highlights construction's fears in conference call with ministers
1 day ago

Wates wins £90m post-Grenfell reclad job

Work to start this summer on five tower blocks at North London's Chalcots Estate
1 day ago

Construction forecasters bet on delayed soft Brexit

Crystal ball gazers believe UK will avoid workload fall with sluggish growth in 2019
1 day ago

Plan for £300m Lincolnshire power station

Czech power firm plans energy from waste plant next to South Humber Bank power station
1 day ago

Fitzgerald returns Bovis Homes to record profits

Margins restored and completions up 3% after 18-month turnaround
1 day ago

Late payment bill boosts calls for project bank accounts

Second reading due as MP fights to protect subcontractors from Carillion-style collapses
2 days ago

Plant hire giant Hawk falls into administration

Administrators pledge to keep kit working on site as they look for a buyer
3 days ago

HS2 forces firms to use least polluting trucks and plant

Rail project raises bar to exceed London emission standards
2 days ago

Watkin Jones hits record profits as pipeline grows

Firm enjoys three-year pipeline of 24 student rooms and build to rent sites
2 days ago

South Eastern Electrical went down owing £4m to suppliers

Contracts sold by administrators to associated company SEE Rail
2 days ago

Carey wins £16m Stratford Waterfront civils package

Cladding and mechanical packages will come up for bid in next three months
2 days ago

Mace confirmed for £350m Paddington Cube

Erith, Keltbray, J Coffey and Getjar chase basement contract
3 days ago

Skanska Costain JV starts Euston Station HS2 demolition works

McGee will demolish two office towers over 10 months
3 days ago

Forrest collapsed owing £28m to unsecured creditors

Administrator warns even secured creditor banks will lose much of £17m they are owed
3 days ago

Calls grow for Carillion action one year after collapse

Trades union claims regulators have failed to do their job and calls for a criminal investigation
3 days ago

Shareholders pushing for Kier chiefs to be ousted

Investors want changes at executive team
3 days ago

McL&H lands London’s longest river pier build

Piling to start this week for Thames Royal Wharf Pier
3 days ago

Kier to start £100m Ascot hospital

Construction to start on new Heatherwood Hospital
3 days ago

Collinson appoints ex Willmott Dixon boss as chairman

John Frankiewicz takes up new role at Preston based construction division
3 days ago

Contractor services