Big Yellow Group (LSE:BYG) has agreed to sell its industrial estate in Staines, Surrey, for £36.5 million as the self-storage operator continues to expand its store network.
The company has also received a £2 million retention relating to the earlier sale of its Harrow industrial estate, bringing gross proceeds from the two disposals to £75 million.
Big Yellow said the transactions are expected to reduce its net debt-to-EBITDA ratio from around 3.7 times towards its target of 3.5 times.
The disposals come alongside the opening of new self-storage facilities in Epsom and Kentish Town, as well as a relocated store at Staples Corner in London.
Big Yellow has opened seven new stores since July 2025, which the company said are increasingly contributing to revenue and profitability.
Management expects the proceeds from the property transactions, together with retained cash flow, to largely fund the group’s capital expenditure during the current and following financial years without materially increasing debt.
Big Yellow Store Portfolio and Development Pipeline
Big Yellow operates 115 self-storage stores with a maximum lettable area of 6.9 million square feet. Its development pipeline comprises a further 0.8 million square feet across 10 proposed facilities.
The group’s portfolio consists primarily of freehold and long-leasehold properties and is concentrated in London and commuter towns.
Big Yellow is targeting an expansion of its self-storage portfolio to approximately 7.7 million square feet if its proposed development pipeline is completed.
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