Big Yellow gets planning for new London sites

Big Yellow Group has secured resolution to grant planning consent for two new self-storage facilities, in Wembley and North Kingston. The store in Wembley will have a net lettable area of 70,000 sq ft, while the North Kingston site will offer 56,000 sq ft. The self-storage company bought the freeholds for the two sites in February 2019. Big Yellow has now secured planning consent on eight of 13 proposed stores in its development pipeline. Once constructed, these will provide around 500,000 sq ft of new capacity. James Gibson, chief executive, said: “We now have an oven-baked supply of consented sites which will allow us to build a sustainable stream of new stores over the next three to four years. “We are progressing planning on our remaining development sites and continue to look to acquire more development land and replenish the pipeline as stores open.” The company opened a 77,000 sq ft location in Camberwell in July, where occupancy stands at around 11.4%.   To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette