Self-storage company Big Yellow Group is eyeing new development sites during a period of market uncertainty, with the proceeds of a recent share sale boosting its firepower.
Announcing results for the year to 31 March, chairman Nicholas Vetch said: “The current uncertainties may present opportunities for the group to grow its development pipeline and we believe that we are in a relatively strong position to exploit these opportunities, given the strength of our balance sheet, available headroom on our debt facilities, and our proven property development expertise.
“This will allow a continued focus on expansion primarily in London and its commuter towns while maintaining a conservative capital structure.”
