Author: Shinil

Big Yellow Group 1Q Revenue Boosted By New Store Openings

Big Yellow Group PLC said Thursday that revenue for the first quarter of fiscal 2022 rose 24%, boosted by recent store openings. The U.K. self-storage company said total revenue was 45.5 million pounds ($54.5 million) in the quarter ended June 30 compared with GBP36.6 million for the same period last year. Like-for-like store revenue for the same period rose 9% to GBP39.4 million. However, like-for-like occupancy on June 30 stood at 88.3% compared with 91% on the same date last year, the company said. It said the board will continue…

Padlock Partners UK Fund III Completes Acquisition Of Watford Self-Storage Property

Padlock Partners UK Fund III (the “Trust”) announced today that it has successfully completed the previously announced acquisition of a self-storage property located in the United Kingdom for an aggregate purchase price of approximately £9,000,000 (excluding closing costs and applicable taxes), which was satisfied by way of cash from the proceeds of the Trust’s initial public offering (the “Offering”). The Trust indirectly acquired a freehold interest in a self-storage property located in Watford, United Kingdom, a municipality located approximately 16 miles northwest of London off the M25 motorway (the “Watford…

Self-Storage Pods Are Becoming Popular Space-Saving Solutions

People who live in smaller houses are choosing to keep their belongings in self-storage pods rather than sell them. According to the UK House Price Index, the average house price in Cherwell has increased by 56 percent over the last ten years, from £212,101 to £377,847. Figures from the Office of National Statistics (ONS) show that from January to September 2021, the average house in England and Wales cost around 8.9 times the average income – up from 5.1 times in the year to September 2002. In Cherwell, within the…

You Don’t Have To Leave Great Yarmouth To Get More Space

Unless you live in a house the size of Somerleyton Hall, it’s more than likely you’re going to struggle with space at some point. And there’s only so much you can fit into an overflowing loft or packed garage. Whether you need space for furniture following a house move, somewhere to store tools and equipment, or a place for all those bits and bobs that you just can’t bring yourself to throw away or sell, self-storage could be the answer. Ready Steady Store is a trusted, nationwide self-storage company with…

Big Yellow Storage In Slough Could Be An ‘Eyesore’ For Town

A Self-storage company is set to move into a closed-down supermarket building in Slough. Owners of Slough Trading Estate SEGRO confirmed on July 7 that Big Yellow storage will be taking over the former Sainsbury’s site on Farnham Road. And supermarket chain Aldi also announced it will be moving into the current Pets at Home building in spring 2023. The pet shop will then be taking over the former Staples store next door. In a statement to the Observer last week, a spokesperson for SEGRO said: “We have been in…

Swindon Debenhams Building Could Be Transformed Into Storage Space Under Plans

Swindon’s former Debenhams store could be turned into a 200,000 sq ft of storage place under new plans. A proposal has been submitted in a joint application by current owners Meadow Partners and inner-city self-storage operator StoreAway to repurpose the building. Under the plans, the now-closed department store would be replaced with 900 lockers inside the building. The building has been vacant since 2020. According to StoreAway, the acquisition would be part of a UK drive to transform more than a quarter of a million sq ft of redundant retail…

Local Self-Storage Facility, Attic Self Storage, Wins The ‘SSA Independent Store of the Year’ Award

You may be familiar with the latest Attic Self Storage facility that sits on Honeypot Lane in Queensbury. It looks more like a hotel than a traditional self-storage building and is welcoming from first sight. This is an impression that continues when you step inside and chat with the store team. The Harrow store and team have recently won the UK Self Storage Association’s (SSA) “UK Independent Operator of the Year 2022” award. The competition for the award was strong, with stores from across the UK contending to take the…

Global Business Awards Success For Storage Giant

Newport-based self-storage specialists, Storage Giant is celebrating wins in two categories of the Global Business Awards 2022 – Most Outstanding Commercial & Domestic Self-Storage Facilities 2022 in England & Wales and Small Business of the Year 2022 in South Wales. The firm started life as a single-facility concern in Newport at the height of the recession, and it is now the largest independent self-storage firm in the UK, with facilities in Newport, Cardiff, Cwmbran, Swansea, Llanelli, The Midlands, and the M4 corridor. Simon Williams, Storage Giant MD, said: “This accolade…

Plans For 100 Self-Storage Containers In Bangor

The city centre site could accommodate 67 of the larger containers and 33 of the small ones. One of the UK’s biggest container storage companies is hoping to develop a new site in the centre of Bangor. Lock Stock Self Storage has applied for full planning permission to place around 100 containers on land behind the West End, just off Euston Road. Applicant Stuart Bowker, operations manager of the firm, says in his application to Gwynedd Council, received on June 27, that the units would be for use by local…

Big Yellow To Acquire Slough Site From Segro

Self-storage facilities operator Big Yellow has exchanged contracts to acquire a prime site on Farnham Road in Slough from Segro. Big Yellow said on Wednesday that the site falls within the Slough Trading Estate Simplified Planning Zone scheme, which sets out a series of conditions and, provided that a development fully complies with said conditions, it does not need to secure full planning permission to develop a proposed 62,000 square foot store on the site. The FTSE 250-listed group stated that as part of the transaction, it has also agreed…