Big Yellow Group PLC on Tuesday said it has received planning consent for a new site in Staines, southeast England.
The self-storage company had exchanged contracts to acquire the site back in December 2020.
The Surrey-based firm has received planning permission for a 65,000-square-foot store at the site.
“In addition, consent was received to develop 9 industrial units totaling 99,000 sq ft,” Big Yellow added.
The site has “excellent access” to Heathrow Airport and the M25 motorway, which encircles London, Big Yellow said in January 2021.
“The GBP44.6 million development will, subject to planning, comprise a 65,400 sq ft self-storage centre including 5,400 sq ft of external access units and 98,500 sq ft of warehousing and logistical space which the group will develop itself,” it added at the time.
Big Yellow shares were 1.1% higher at 1,339.00 pence each in London on Tuesday morning.
