Company Announcements

Planning Update

Source: RNS
RNS Number : 0221B
Big Yellow Group PLC
05 October 2020


5 October 2020


Big Yellow Group PLC

("Big Yellow", "the Group" or "the Company")


Planning Update


Big Yellow announces that is has secured a resolution to grant planning consent for an approximately 106,000 sq ft store at its site in Kings Cross, London.

Demolition will commence in January 2021 and it is expected that the store, which contains a double basement, will open in Spring 2023.

The store will be significantly larger than a standard Big Yellow reflective of its highly prominent and strategic location in a rapidly evolving area of London which includes Google's London Headquarters located a short distance away.


James Gibson, Chief Executive Officer, commented:

"The land assembly and the planning process for this flagship project has been long and complicated, and we are currently estimating further costs to complete of approximately £28 million, resulting in a total development cost of £52 million.  The £4.5 million of net operating income that we are projecting the store will generate at stabilisation will be highly accretive to earnings."





James Gibson, Chief Executive Officer

01276 477811

John Trotman, Chief Financial Officer

01276 477811


0203 603 5221

Ben Foster

Matt Denham



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