{"id":1207,"date":"2022-06-17T09:42:06","date_gmt":"2022-06-17T09:42:06","guid":{"rendered":"https:\/\/listselfstorage.com\/uk\/industry-insights\/?p=1207"},"modified":"2022-06-17T09:42:06","modified_gmt":"2022-06-17T09:42:06","slug":"big-yellow-buys-aberdeen-self-storage-building-for-10-million","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/uk\/industry-insights\/big-yellow-buys-aberdeen-self-storage-building-for-10-million\/","title":{"rendered":"Big Yellow Buys Aberdeen Self-Storage Building For \u00a310 Million"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span style=\"font-family: Arial, sans-serif;\">Big Yellow said it had bought a 53,000 sq ft self-storage centre in Aberdeen for \u00a310m.<\/span><\/p>\n<p><span style=\"font-family: Arial, sans-serif;\">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.<\/span><\/p>\n<p><span style=\"font-family: Arial, sans-serif;\">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.<\/span><\/p>\n<p><span style=\"font-family: Arial, sans-serif;\">&#8220;This is an important acquisition for Big Yellow expanding our footprint in Scotland, where we now operate in three of the four main urban centres,&#8221; said chief executive Jim Gibson.<\/span><\/p>\n<p><a href=\"https:\/\/www.lse.co.uk\/news\/big-yellow-buys-aberdeen-self-storage-building-for-16310m-xzns19xdqrnwkox.html\"><strong>Source<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Big Yellow said it had bought a 53,000 sq ft self-storage centre in Aberdeen for \u00a310m. 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. &#8220;This is an&hellip;<\/p>\n","protected":false},"author":13,"featured_media":1208,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,5],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/posts\/1207"}],"collection":[{"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/comments?post=1207"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/posts\/1207\/revisions"}],"predecessor-version":[{"id":1209,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/posts\/1207\/revisions\/1209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/media\/1208"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/media?parent=1207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/categories?post=1207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/tags?post=1207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}