Self-storage company Big Yellow said on Tuesday that it has obtained planning consent for a 55,000 square foot storage centre on its site in Leamington Spa.
Big Yellow expects that the new store will deliver an approximately 8.5% net operating income return on the total capital deployed of £13.3m at stabilisation.
Chief executive Jim Gibson said: “We are pleased to have secured planning at Leamington Spa and anticipate that the store will open in summer 2027. We now have planning consent on 10 of our 13 pipeline stores.”
As of 0820 BST, Big Yellow shares were up 0.54% at 929p.
