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BIG YELLOW TRADING UPDATE FOR FOURTH QUARTER ENDING 31 MARCH 2020

corona virus update

On 16 April 2020, our partner in the Armadillo joint venture, Big Yellow Group (BYG), released its results for the quarter ended 31 March 2020.

Key highlights include:

  • Like-for-like revenue for the quarter of £32.5 million, up 3.8% from £31.3 million for the prior corresponding quarter (pcq)
  • Like-for-like closing occupancy was 81.3%, down 1.1 percetnage points from 82.4% for the pcq
  • Closing occupancy was impacted by the introduction of government lockdown measures in mid march as a result of COVID-19 

Click here to see the full update 

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