215

Big Yellow trading update for half year ending 30 September 2019

BYG fy19 

 

On 19 November 2019, our partner in the Armadillo joint venture, Big Yellow Group (BYG), released its results for the 6 months ending 30 September 2019.

Key highlights for the Armadillo portfolio include:

•  Occupancy at 30 September 2019 was 78.7%, up from 76.7% at 30 September 2018 (pcp);

•  Average annual rent per a sq ft at 30 September 2019 was £17.30, up from £17.26 at pcp; and

•  The assessed aggregate value of the Armadillo centres, based on directors valuations, is approx. £114 m at 30 September 2019.

Click here to see the full details

 

Creating investment opportunities in global self storage markets.