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BYG trading update for half year ending 30 September 2020

BYG fy19 

 

On 17 November 2020, our partner in the Armadillo joint venture, Big Yellow Group (BYG), released its results for the 6 months ending 30 September 2020.

Key highlights for the Armadillo portfolio include:

•  Occupancy at 30 September 2020 was 80.3%, up from 78.7% at 30 September 2019 (pcp);

•  Average annual rent per a sq ft at 30 September 2020 was £17.71, up from £17.30 at pcp; and

•  The assessed aggregate value of the Armadillo centres, based on directors valuations, is approx. £122 m at 30 September 2020.

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