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…

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…

Safestore Boosts Profits Amid Flurry Of Acquisitions

Profits have spiked at self-storage giant Safestore – powered by a strong trading performance and increased earnings from investment properties. In its latest half-year results, profit before income tax jumped from £167.3m to £285.2m, with a 25.3 percent increase in the interim dividend to 9.4p reflecting growing profitability. Meanwhile, group revenues are up 14.6 percent, with like-for-like storage sales rising 16.4 percent. Storage rates were also up across key markets such as UK, Spain, and France – up 13 percent on average, with the UK market enjoying a 15.9 percent…

Big Yellow Buys Aberdeen Self-Storage Building For £10 Million

Big Yellow said it had bought a 53,000 sq ft self-storage centre in Aberdeen for £10m. Currently branded as Simply Self Storage, the building is the only purpose-built self-storage centre in the city, and will be rebranded as Big Yellow, the company said on Thursday. It added that the purchase price represented a starting 6% net initial year one yield which should grow to 9% within two years as the store benefits from being added to its digital platform. The deal was expected to be earnings enhancing. “This is an…

Scottish Based Kangaroo Self Storage Acquires Carlisle Storage Site

A Scottish-based business has recently expanded by acquiring a new storage site in Carlisle. Kangaroo Self Storage has now possessed the Carlisle site of Box Clever Cumbria Limited. Within a short space of time, the Carlisle site will be rebranded to Kangaroo Self Storage Carlisle. Chris Stevens, CEO of Kangaroo Self Storage, said: “I am really pleased to have found a like-minded business in Box Clever Cumbria Limited, and the addition of Carlisle as a location makes strategic sense to our existing portfolio of storage centres. “The Carlisle store’s highly…

Lindsey Self Storage Group Brokers The Sale Of Grand Sud Box (France) To Europa Storage Group

Europa Storage Group (ESG), a subsidiary of Volta Global, is a pan-European storage platform that acquires, builds, invests, and operates high-quality, durable self-storage businesses, is pleased to announce the purchase of Grand Sud Box, located in the Six-Fours-les-Plages, France. Drawing on the group’s prior self-storage acquisition and development experience in the United States, and with permanent capital funding from Volta Global, Europa Storage Group has become a leading self-storage operator throughout Europe. This transaction was facilitated by John Lindsey and Pieter Ligtvoet, of Lindsey Self Storage Group – A firm…

Big Yellow Sells Industrial Warehouse Scheme For GBP 61 Million

Big Yellow PLC on Monday said it has conditionally sold its industrial warehouse scheme in Harrow, London. The self-storage facilities operator has conditionally agreed to sell the industrial warehouse for gross proceeds of GBP61 million. Big Yellow said that completion of the sale was dependent on practical completion of the development, and is expected to occur in August. The company added it has deployed about GBP27 million of capital expenditure to date with a cost to complete of about GBP 4.5 million, totaling GBP 31.5 million including the cost of…

Valor Extends London Last Mile Footprint With c. £70 Million Buy

Valor Real Estate Partners has acquired two urban logistics estates, located in Mitcham and Watford, for a total consideration of c. £70 million, from DTZ Investors. In Mitcham, South London, Valor has completed the acquisition of a 105,000 sq ft multi-let industrial estate on Mitcham Industrial Estate. It occupies a prime last-mile logistics location on the A216, providing direct access to the A23 and A24 in less than 10 minutes’ drive. Currently, 72% occupied by tenants spanning the self-storage and DIY sectors, it offers a mix of strong day one…

Lindsey Self Storage Group Brokers The Sale Of Mini-Opslag Helmond To Europa Storage Group

Europa Storage Group (ESG), a subsidiary of Volta Global, is a pan-European storage platform that acquires, builds, invests, and operates high-quality, durable self-storage businesses, has completed the acquisition of its 20th self-storage facility through the purchase of Mini-Opslag Helmond in the Netherlands. The facility is located in the Helmond region of the Netherlands and offers storage spaces from 4.5 to 80 m³. The newly acquired portfolio will be re-branded and fully integrated into the existing 1 BOX Self Storage brand that ESG currently operates across the Netherlands and has plans…